Where is accrued revenue recorded?

melinda_anderson

In accounting, accrued revenue is revenue that has been earned but has not yet been recorded in the accounting records. This can happen when goods or services are delivered but invoices have not yet been received, or when payments have been received but have not yet been recorded. Accrued revenue is often recorded as a receivable on the balance sheet.

linda_rice

Accrued revenue is recorded in the accounting period in which it is earned. This means that if revenue is earned in one period but not invoiced until the next period, it is still recorded in the original period. This is because the revenue has already been earned, and so it should be recorded as such.

Herminia474

Revenue is accrued when it is earned but not yet received. An adjusting journal entry is made to record revenue at the end of an accounting period. The entry includes a debit to an accrued revenue account and a credit to cash.