Completing a project in December but getting paid in January still means that income is already yours under accrued revenue rules. This video explains what it is and how to record it correctly: • Accrued revenue is income earned but not yet paid, recorded as a current asset under GAAP • Common in construction milestones, SaaS deliveries, and rental income • Entry 1: when work is complete, debit accounts receivable and credit revenue • Entry 2: when payment arrives, debit cash and credit accounts receivable Skipping these entries can make your financials look weaker than they actually are. Learn more: intuit.me/44vmkbF Subscribe to our YouTube channel: intuit.me/3bOj0M2 Visit QuickBooks.com: intuit.me/QBO #QuickBooks