As the business earns revenue, the unearned revenue balance is reduced with a debit, and the revenue account balance is increased with a credit. Unearned revenue is recognized and converted into earned revenue as products and services get delivered to the customer. Once a company delivers its final product to the customer, only then does […]

Lisa joined Carpenter & Company in 2009 and has worked with several contractors over the years. While being responsible for overall client services, Lisa’s specialty is in construction payroll services. Wade has over 30 years of experience in public accounting, working with contractors from the smallest mom-and-pop companies to multi-billion dollar international construction bookkeeping firms. […]