If I sell non-refundable coupons in 2008 for products that will be available in 2009, can I count the revenue in 2008?

These coupons will be available to customers currently being served by us under exclusive long term contracts (average term - 7 years) for bulk chemicals. These customers can not purchase these products during the contract term from any other supplier. The purpose of the coupons is to encourage greater usage of our products when the use of the commodity during the customer's manufacturing process is partly discretionary.
min read
Opinions expressed by Entrepreneur contributors are their own.
How you account for revenue depends on whether you have set up your company on a cash basis or an accrual basis. Where you'll run into some issues is the fact that you're receiving the cash in one year, but not providing the products in the same year.

That could throw off your books, if you don't handle this correctly.

Have a good long talk with your accountant about how to carry this out properly.

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

4 Pieces of Financial Advice Every Budding Entrepreneur Needs to Hear