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This is specifically about revenue recognition under accrual accounting - unexpired credits are considered "deferred revenue" (a liability) until used or expire
by ethan_smith 1y ago
This is specifically about revenue recognition under accrual accounting - unexpired credits are considered "deferred revenue" (a liability) until used or expired. Companies prefer definite expiration dates to avoid carrying growing liabilities on their balance sheets indefinitely.
- jacquesm 1y agoIf you can't be bothered to implement it properly, don't use pre-paid accounts but charge as you go.