Accounting makes use of what is commonly called a double-entry method. This means that every time a credit is entered, a debit is entered. When a small business reconciles its revenue, it shows not ...

Understanding the differences between revenue and profit can be tricky, but it is one of the most important things a business owner needs to understand. The two terms are often used interchangeably, ...

Unearned revenue is the same thing as deferred revenue. In accounting, unearned revenue is a liability. It is a liability because even though a company has received payment from the customer, the ...

Forbes contributors publish independent expert analyses and insights. I teach growth leaders how to grow revenues, profits and firm value. The emergence of complex technology enabled selling systems – ...