2023 revenue receiving it in early in 2024

SOLVED

We have some revenue that we know we are getting and will be for 2023 but will not receive until early 2024.  How should I account for this?

  • +1
    verified answer

    If this revenue is related to an invoice that has been issued but not paid, the revenue is already recorded. If the revenue you are looking at receiving in 2024 is like a cash infusion then it belongs in 2024 if received after December 31, 2023.

    A little more description of the reason why it is not received until 2024 and why you feel it should be in 2023 may triggered a different response.