Accrued income

Financial reporting - balance sheet - assets - accruals accounting.

Accrued income is revenue earned by a business but not yet invoiced or received from the customer.

It is an asset.

(The related accounting entries being: DEBIT Accrued income in the balance sheet; and CREDIT Revenue in the income statement.)

Future economic benefits are expected to flow from the asset to the reporting entity.

Namely the future cash receipt from the customer.

See also

• Accrual
• Accruals accounting
• Accrued expense
• Assets
• Balance sheet
• Credit
• Debit
• Deferred income
• Financial reporting
• Reporting entity
• Revenue
• Work in progress