Accrued income

Financial reporting - accruals accounting.

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

It is an asset in the balance sheet.

Future economic benefits are expected to flow to the reporting entity. Namely the future receipt from the customer.

See also

• Accrual
• Accruals accounting
• Assets
• Balance sheet
• Deferred income
• Financial reporting
• Reporting entity
• Revenue