So in December, you have an entry to deferred revenue to account for invoices booked before the event, in January it is reversed to recognize that revenue in Ja...
If you received the grant in 2023, you would recognize that income in 2023. This is reflected by your Income Statement and Income account. The money from that g...
If I understand correctly, you can associate an income account with a customer as the default account for when you bill them. The "correct" account would be det...
If you wish to record snack vending as part of income, yes, it should go to other income or even an income account called snack revenue, etc. You're right that ...
