Accrued Revenue Vs Accounts Receivable

Accrued Revenue Vs Accounts Receivable Key Takeaways Accrued revenue and accounts receivable are both important components of accrual accounting. Accrued revenue represents income that has been earned but not yet billed or received as payment. Accounts receivable represents income that has been billed but not yet received. Accrued revenue is classified as unearned revenue on … Read more