EconomicoAccrual accounting
See what you earned, not only what cleared
Cash, receivables and recognized revenue answer different questions. Economico keeps them in the same accrual, double-entry books from your first recorded activity.
One payment can belong to another period
An annual prepayment can make one bank month look unusually strong even though the service will be delivered over time. A vendor bill can affect this month's cost before you pay it. Accrual accounting keeps those events distinct so you can read both what happened to cash and what the business earned or owes.
Record the terms and the service
Your agent records contract activity with the dates, amounts and supporting facts you provide. Billing and revenue recognition post to the double-entry ledger as the contract says; income statements, balance sheets and recognition reports read from that history. Ask which period an amount belongs to and inspect the contract and entries behind the answer.
Show the amount billed, cash collected and revenue recognized for this annual agreement. Which service periods support the recognition?
Review policy with your accountant
The books can record accrual effects, but the terms and evidence must be correct. Economico does not determine your tax basis, certify GAAP compliance or replace professional review. Accountant-ready exports are planned; current reports and source documents can be inspected, and on the Startup plan selectively shared.
Connect your agent
Start with the first real agreement
Record what was agreed, what was billed and when the work was done.