What do you know about Unbilled Revenue ?

Question

Accepted Answer

Unbilled revenue refers to revenue that has been earned but not yet invoiced to the customer.

Unbilled revenue is a liability on the balance sheet until it is invoiced.
It represents the amount of revenue that the company has recognized but has not yet received payment for.
Unbilled revenue can occur in industries where services are provided over a period of time, such as consulting or software development.
For example, if a consulting firm completes a project but has not yet sent an invoice to the client, the revenue from that project would be considered unbilled revenue.
Unbilled revenue should be closely monitored and regularly reviewed to ensure timely invoicing and collection.

Accepted Answer

Unbilled revenue name it self says service given to customer and revenue recognised.Not yet billed

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