Are those revenue numbers shared by Google, Microsoft yesterday already paid by customers before quarter ends? Coming from a startup background we used to report revenue and it would take an average of 100 days to get the check from the customer. Coco-cola renewed M365 contract for $1.1B last week. Does that mean they cut a check for that amount already or Microsoft will get the money over time?
No all corporates do accrual accounting not cash accounting. Cash accounting is done by individuals and very small businesses.
Thank you. Learned something new.