Sales Basis Method
The sales basis method recognizes all revenue at the time of sale.
For example, if a customer purchases goods or service from your website, and the goods or services are immediately digitally delivered to the customer.
ChargeOver recognizes all revenue as soon as the invoice is created.
When to use the sales-basis method
Use this method because delivery of the good or service is immediate.
tip
Talk to your accountant or tax advisor!
Your accountant or tax advisor is your best resource for determining how your business should be recognizing revenue.
Example
Let's look at an example for an invoice created on Jul 7, 2025.
| Period | Month | Revenue | Explanation |
|---|---|---|---|
| Time of sale | Jul 2025 | $ 1,200.00 | All revenue recognized immediately |
| Total | $1,200.00 |