Think you will find that although an invoice has been issued, it is not declared as "income" until cash is received.
As such it is not a P/L item (or taxable).
Invoice amount will appear on the balance sheet on the asset side as an account receivable.
most noteable ommission from fg, page-4
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
