How to record Accrued Revenue in Wave?
Buzuobar
Member Posts: 2
I run a consultancy firm that provides consultancy services. We charge our clients on a per hour basis, i.e., $ 10 p/hr. We've completed our work on March 30 for around 200 hrs yet won’t raise the invoice until April 26 (We finished our work before the end date).
We're expecting the final bill to be around $ 10,000 and would like to record the entry temporarily today as Accrued Revenue (Not Account Receivable). Though. once the invoice is sent on April 26, the amount will be converted to Account Receivable.
How can this transaction be recorded on Wave?
in Accounting
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