Finance and accounting play an important role in the activities of any company in Russia and the world. They not only help to monitor cash flows, but also allow for the correct allocation of resources, analysis of the overall efficiency of the company and planning for future development.
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At the same time, there are nuances within accounting, as well as non-obvious panama phone number list elements that may seem insignificant to beginning entrepreneurs. For example, not only various expense items, but also DBP - income of future periods. Not all businessmen understand how this element is recorded in accounting reports, what it is needed for and why it is so important for business.
In this article, we will analyze the concept of "future income". Using real cases, we will check why they are needed, how to correctly reflect them in accounting, and what is related to DBP.
Future period income is certain assets (funds, money) that are received in the corresponding accounts of the company in the current period for payment of goods or services that have not yet been sold. This includes rental payments, targeted financing, gratuitous income, and so on.
Let's take an example. A music service makes money on monthly subscriptions. However, users can also purchase a yearly subscription. Let's imagine that the client has made a payment for a year in advance.
For the company, the client's money is considered deferred income because it has not yet been "earned" - the services will be provided gradually. According to accounting rules, each month the application will transfer a certain share of this amount from the DBP to the income received in the reporting period.