When I move an app from personal ownership into the LLC, is the bookkeeping cutoff date as important as the platform transfer itself?
I am based in Spain and my app started under my personal accounts on Apple and Google. I now have a U.S. LLC and I am cleaning up the legal and tax side. My instinct was to focus on platform transfers and payout settings, but my bookkeeper keeps pushing me to define one exact cutoff date for revenue and expenses.
I want to know whether that cutoff date is really that important in practice or whether it is just an accounting preference. If I am doing the transfer anyway, I would like to do it once and not create a messy overlap year.
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