correct accounts: Struggling to get correct income statement reporting (accrual basis / US GAAP) for my e-commerce business
I think that it should be $100 in revenue and $3 in OpEx (for the Stripe fee) and the $97 should be on the balance sheet…all of the above for the period in question.
You are correct, and the 97 will also show on the P&L as net profit
QB does what […]
Resolution for 'correct accounts issue: 'Struggling to get correct income statement reporting (accrual basis / US GAAP) for my e-commerce business' available: Yes.
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