DoubleAgent Blog

DoubleAgent can now accrue (or defer) the income from invoices for you. And similarly for bills.

Most people only encounter accruals when their accountant adds them at financial year-end. However they are helpful any time your invoice (or bill) covers more than one month's work, because they make your balance sheet and P&L more accurate.

If you are a SAAS company and you invoice your customers annually, accruing the income means your balance sheet and P&L will give you a much truer picture of where your business stands.

This is also known as revenue recognition.

You can read more in the docs.