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XYZ & GPFR in Xero
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I want a GPFR prepared
How to add a revenue recognition policy (example)
Our system requires you to add your own, use this copy
Here is an example that you can copy and paste:
Revenue from contracts with customers
Revenue is measured at the value of the consideration received or receivable after taking into account any trade discounts. For this purpose, any deferred consideration is not discounted to present values when recognising revenue. All revenue is stated net of the amount of goods and services tax. Revenue is recorded on an accruals basis.