Revenue vs Cash

Differences between revenue versus cash.

Revenue

• Accrual based accounting
• Earned based on actual expenditures within the allowable period and obligated amount

Authorized in a form of

• NOA
• Amendments
• Agreements

Cash

• Actual payments/cash received from outside sources
• Recorded to the fund using the receivable account or revenue account

Deposited to the bank account in a form of

• ACH
• Wires
• Checks​