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The Top 10 Important Finance Mistakes First Time Founders Make

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It was too big a flag for a company at the edge of where I like to invest. Advice: Sooner or later, you will have to know both booking and revenue numbers, and the difference between them. Not doing so may cost you in a lower valuation, less investment, or even losing an interested buyer or investor.

Finance 330
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What Are T Accounts and Why Do You Need Them?

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In accrual accounting, you need to recognize your revenue according to ASC 606 , which means you also need to involve a deferred revenue account. In this case, thereā€™d actually be cash and deferred revenue transactions at first, and then deferred revenue and revenue transactions over time as you recognize the revenue.