Awasome Provided Services On Account Ideas. The company records cash and revenue when it receives cash after the service is provided. When the company provides service on account, the company agrees to work for the customer first and expects to collect payment later.
When the company provides service on account, the company agrees to work for the customer first and expects to collect payment later. Journal entry for receiving cash for services. Any business that provides services should be familiar with the accounting term rendered. it refers to services that have actually been delivered to the client, as opposed to advanced.
