I just fine tuning my question again . I'd like to know where software company can follow accrual accounting method? where the income is realized before the cash is received.
Since we are doing software business many of our projects payment will be realized only completion of each phase . In other words we might be completed 90% of the project but we have received only 50% of the particular payment in same financial year.
Appreciate if any body can give a clarity on this regard.
thanks in advance
we have a website service we provide add for example 96000 rec. for 6month add on web
but we rec. that amt. in advance so that is the income of 16000, per month
so how can we make the account that 16000 reflect per month
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