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GAAP also stipulates that companies should be able to provide reasonable and reliable measurements of progress towards complete satisfaction of these performance obligations. As the company delivers goods or performs services over time, it recognizes the revenue. This process is done by debiting the deferred revenue account and crediting the revenue account. Each debit decreases …

What Deferred Revenue Is in Accounting, and Why It’s a Liability Read More »

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Current assets are receivables that a company will get within a year. Generally, they are transactional where money is exchanged for a service/good in real-time. An easy way to understand deferred revenue is to think of it as a debt owed to a customer. Unearned revenue must be earned via the distribution of what the …

Why Is Deferred Revenue Treated As a Liability? Read More »

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