Gross Revenue Question

USA Discussion in 'General Accountancy Discussion' started by andreaoc, Nov 30, 2018.

  1. andreaoc

    andreaoc

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    I am new to bookkeeping and had a question in regards to what the gross revenue of a company is based on. For instance, is gross revenue based off of what is invoiced for the month or what money was deposited that month?
     
    andreaoc, Nov 30, 2018
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  2. andreaoc

    kirby VIP Member

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    If books are kept on accrual basis, revenue is based on what was invoiced. If kept on cash basis, then revenue is based on cash deposits.
     
    kirby, Dec 6, 2018 at 2:15 PM
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