Accrued Revenue
/ˈækruːd ˈrɛvəˌnjuː/
Definitions
- (n.) Revenue that has been earned but not yet received in cash or recorded.
The company reported accrued revenue from services provided but not yet invoiced.
Forms
- accrued revenue
- accrued revenues
Related terms
See also
Commentary
Accrued revenue is recognized under the accrual accounting principle, emphasizing revenue earned irrespective of cash receipt.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.