Accrued Revenue

Accounting Dictionary

Accrued Revenue

Recording Revenue I’ve earned but haven’t yet collected.

I charge my client $500 a month to do his accounting and bill him quarterly. At the end of one month he owes me $500, but I haven’t gotten a penny because I won’t send the bill until the end of the quarter. I have $500 in accrued revenue.

Related Terms:

Accrue Accrued Expense Expenses

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