Customer prepay for services, but not show up until 2022
MaddTraxxRC
Member Posts: 1
So I don't know if this is possible, or allowed...
I have a customer I do monthly services for, and they would like to just prepay for all of 2022 services, in 2021 for their tax purposes. This however, would be a negative for me next year. Is there a way to work it so that I can invoice them, so they can pay for next year, but it doesn't hit my books until January 2022?
in Using Wave
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@MaddTraxxRC,
If you report on a cash basis on your tax return, unfortunately no.