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What is the revenue recognition principle?

As part of my business series on the blog, here is an info-graphic covering revenue recognition. As some of you know, revenue recognition has a special place in my heart as I audited revenue for a software company in the bay area.  I had to know these principles like that back of my hand. If you are hoping to run a business with investors, you may want to know some of this too. Without further adieu, the info graphic and intro by Ghergich & Co.

When it comes to plotting out your next steps as a business, there are a lot of factors that come into play. Of course, you need to understand expenses and employees and demand and customers, but you also need to figure out what to do about revenue — and by that I mean, what do you do about recognizing revenue.

There are a number of different established accounting principles that are acceptable and that can guide you in figuring out what’s best for your business. For example, you can recognize the revenue after you have completed the obligat…

A Frug Life Update

With all of my creative energy going into the podcast, I think this blog has been a little neglected lately. All of my frugal topic ideas become podcast episodes now instead of blog posts. When I say the podcast has a life of its own, maybe I really mean it has stolen the life of the blog.


I was looking at some of my other websites:


BTC Plus, which has over 100k views

Another Boring Life Story Blog with over 30k views

Mind Salivation with over 20k views

My anonymous blog nearly 15k views

Then this blog with 13k views.


It is a little sad. And it can’t stay that way. I will recommit to you that quality content will come to this blog again.


When I look back to some of my time writing at BTC Plus, there is a lot of charm that went into the work.


Like the title of this piece

This of course is a reference to Jim’s nickname in The Office after he once ate a tuna sandwich. But it was a short piece on a place where you could actually spend bitcoin in 2016, and in fact, could buy tuna.


Or this post


When I found a fraudulent company and attempted to track it down in person by going to San Francisco. It didn’t work out.


But I need to bring that level of content to this site.


Over the next few weeks, I have several posts planned for the blog. I am working with another blogger to bring a guest post here and for me to publish something on his blog.

I also have a new type of content to bring to the blog and podcast. I have a series of posts and episodes geared towards small-business owners. As you might know, the 3-fold mission of The Frug Life is to help you invest, save, and earn money. Running a business is potentially a way for you to do the latter, so I will be featuring some content on that matter. Be on the lookout for it!




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