Managing Deferred Revenue

In this lesson, you will learn how to manage deferred revenue in QuickBooks Online. Deferred revenue, also known as unearned revenue, refers to payments received for goods or services that have not yet been delivered. Understanding how to properly account for this is essential for accurate financial reporting and compliance with accounting standards.

You will explore how to set up a deferred revenue account, record advanced payments, and recognize revenue as goods or services are delivered. This process ensures your financial records are accurate and aligned with accounting principles. By completing this lesson, you will gain the skills to manage deferred revenue efficiently, reducing errors and improving your reporting accuracy.

This lesson forms part of the course QuickBooks Online Intermediate.