There are many industries where companies provide goods or services but aren’t immediately paid for them. From an accrual basis accounting standpoint, these represent accrued revenue for the company.

Accrued revenue is revenue that has not been received by the end of the accounting period in which the revenue is earned. Net income is a positive balance on an income statement after adjustments are ...

Take an in-depth look at the treatment of revenues and expenses within the accrual method of accounting and learn why many consider it superior to cash accounting.

Most businesses handle their accounting on an accrual basis. What is accrual basis accounting? It’s the practice of recording transactions at the point of origination, even if no money changes hands ...

When it comes to operating a business, some of the most important metrics to track include the amount of revenue coming through the door, and whether that's sufficient to pay for the various costs ...

Accrued revenue occurs when a company has earned revenue but hasn't billed a client for payment. To record accrued revenue, the company accountant debits accrued billings and credits revenue for the ...