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Unearned revenue is money received by an individual or company for a service or product that has yet to be provided or delivered. It can be thought of as a “prepayment” for goods or services...
Unearned revenue, sometimes referred to as deferred revenue, is payment received by a company from a customer for products or services that will be delivered at some point in the future.
In accounting, unearned revenue is prepaid revenue. This is money paid to a business in advance, before it actually provides goods or services to a client. Unearned revenue is a liability, or money a company owes.
What Is Unearned Revenue? Unearned revenue is the amount of money received by a company for the goods and services that are yet to be sold or rendered. Unearned revenues are recorded in the books of accounts as a liability as they give rise to goods and services that are due. They are under liabilities until the services or goods are delivered.
What are unearned revenues? Unearned revenues refer to any funds that companies receive for future sales. In other words, unearned revenues represent prepaid revenues. While referred to as unearned revenues, they do not represent revenues at all.
What is Unearned Revenue? Unearned revenue is money received from a customer for work that has not yet been performed. It is essentially a prepayment for goods or services that will be delivered at a later date.
Unearned revenue, sometimes referred to as deferred revenue, represents advance payments a company receives for goods or services that have not yet been provided. Using accrual accounting, or...
Unearned revenue refers to the money small businesses collect from customers for a or service that has not yet been provided. In simple terms, unearned revenue is the prepaid revenue from a customer to a business for goods or services that will be supplied in the future.
Definition: Unearned revenue, also called deferred revenue, is the liability or amount of money owed for payment of goods or services by a customer before the goods or services have been delivered to that customer.
Unearned revenue, also called deferred revenue or advanced payment, is money that has been paid to your business for goods or services that you have not yet delivered. Essentially, it's a cash prepayment in exchange for the promise of goods or services.