1586 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 2 terms

Unbilled revenue

Accounting

Also called: Unbilled receivables

Revenue recognised for work performed that the contract does not yet permit the company to invoice.

In plain terms

Growing faster than revenue means either work is running ahead of the billing milestones, which reverses, or measurements are not being certified, which does not.

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Revenue recognition

Accounting

The rules and judgements determining when revenue is recorded.

In plain terms

Recognising early pulls tomorrow’s revenue into today. Watch unbilled revenue growing faster than billed.

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