Earned Revenue
/ˈɜrnd ˈrɛvəˌnu/
Definitions
- (n.) Income that a company has earned from its business activities, typically from the sale of goods or services, recognized when it is realizable and earned regardless of cash receipt.
The accountant recorded the earned revenue for the quarter even though some payments were still outstanding.
Forms
- earned revenue
- earned revenues
Related terms
See also
Commentary
In legal and accounting contexts, earned revenue is distinguished from unearned revenue as it reflects completed obligations, a key factor in contract and financial reporting disputes.
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.