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Hmm, is there a reason for NOT offering a guarantee?
by sherm8n 9y ago
Hmm, is there a reason for NOT offering a guarantee?
- hawkice 9y agoI'm not aware of any good reasons, but I think GAAP standards say you can't recognize the revenue until the returns period ends? I think standard wisdom is to not have an official policy so as to keep the books simple (and maybe to avoid the downside I can't think of for returns periods) but use refunds pretty aggressively in support?
- GoldenMonkey 9y agoYour company should be on cash-basis accounting. Unless you have a need for accrual based. When you file corporate taxes, you list the method of accounting you are using. Cash basis: Cash in hand, recognized. Cash out, recognized. Keeps it simple :)