Archive / 1.14 Prepayments Received

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Prepayments received is just increasing and nobody is actually asking for the service

In case you receive prepayments on a regular basis (i.e. gift cards etc.) there’s a high chance that the prepayments balance on your balance sheet is increasing and is most probably a considerable amount. I’m pretty sure that you have been wondering about what to do with this balance. Generally when you receive prepayments, you […]

You received a prepayment from your client, but were unable to provide the service at year end

Just recently we received a question about prepayments. Now imagine a situation – you received a prepayment from your client (either invoiced separately or charged as extra to compensate on extra services (like commercial space etc.), but due to whatever reasons you were unable to provide the actual service during the period or at year […]