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Could you describe what does it mean "can't recognize"? Where I live you can use deposits as you like...
by throwaway1507 3y ago
Could you describe what does it mean "can't recognize"? Where I live you can use deposits as you like...
- NotSammyHagar 3y agoSomehow due to accounting rules in the US, companies can take payment for software before it is done, and they can't count it as revenue somehow. So it sits there waiting for the feature to be done. I've seen it at big software companies in the us and at tesla (which is kind of a software company too). Found this random person on reddit who discusses it. Who knows if it is accurate but it matches what I've read elsewhere. https://www.reddit.com/r/investing/comments/10qpasz/tesla_counts_fsd_revenue_when_the_vehicle_is/ https://www.reddit.com/r/investing/comments/10qpasz/tesla_co...
- throwaway1507 3y agoSeems like the same thing, basically. So this means they can use the money but don't have to tax it yet.