services provided but unbilled at March 31 total $830.
how would i journalize this?
services provided but unbilled at March 31 total $830.
how would i journalize this?
is it accruel or cash
If in doubt - depreciate it out. Thats what iz always does.
accounting wrote:
services provided but unbilled at March 31 total $830.
how would i journalize this?
debit wrote:
accounting wrote:services provided but unbilled at March 31 total $830.
how would i journalize this?
I keep trying to reply but my PC freezes up or something. Sorry.
I think you would debit accounts receivable and credit sales. If you haven't had a chance to bill it into accounts receivable sub ledger just make a month end accrual and reverse it in April.
Accts Rec. Debit
Sales Credit
If you work for Apple then you can back date it to Jan 20th.
Dr. A/R
Cr. Rev
Don't book it to the same account as Trade A/R (for which you have specific invoices).
Book it (debit) to an "unbilled receivables" account.
Then credit revenue/sales/whatever.
Don't forget to match the expense, brosef.
accounting wrote:
services provided but unbilled at March 31 total $830.
how would i journalize this?
Toss it in the trash when no one's looking.
Debit to Inventory (Unbilled Services)
Credit to Revenue
When you invoice it:
Debit to A/R
Credit to Inventory (Unbilled Services)
I wouldn't
Benedict wrote:
Debit to Inventory (Unbilled Services)
Credit to Revenue
When you invoice it:
Debit to A/R
Credit to Inventory (Unbilled Services)
Wouldn't Unbilled Services be an A/R acct?
Foreclose on the house and kick the family into the street.