Startup Funding Espresso -- Accrued Revenue
Accrued Revenue Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Accrued revenue is revenue that has been earned but has not yet been paid for. This could be project work that is billed when completed. The unpaid balance for the work done is considered accrued revenue. This applies to project work as well as loans in which the interest income is considered accrued revenue. Revenue should be recognized in the accounting period in which it occurred. Accrued revenue is considered an asset on the balance sheet. The opposite of accrued revenue is deferred revenue in which you receive payment in advance of providing the service.\xa0 It\u2019s considered unearned revenue and is posted as a liability on the balance sheet. Work with your bookkeeper to capture this information into your accounting system. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .