As others have said this GAAP/FASB principle makes sense. The only thing I'll add is that you mentioned not being able to ask for that money back. The accounti

As others have said this GAAP/FASB principle makes sense. The only thing I'll add is that you mentioned not being able to ask for that money back. The accounting activity involved in a refund of prepaid liabilities would be to reduce both their cash and their prepaid liabilities. This would be a perfectly sensible transaction, so GoDaddy could certainly accommodate this from an accounting perspective.