Wednesday, April 5, 2023

Closing adjustments for pre paid customers

 

If it will take months to start getting paid, how can he survive as the new owner?

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Customers who pay in advance are essentially financing a business.

It’s like a loan.

The problem is, how/when do you recognize the earning of that money.

It’s important if you’re taking over some of these contracts part way through the year.

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