# Accrued revenue

> Accrued revenue — Revenue earned and recognized before it is invoiced. ASC 606 splits it: an unbilled receivable where only time stands between it and payment, a contract asset where the right still depends on further performance.

Source: https://lopifi.com/glossary/accrued-revenue
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

---

**What is accrued revenue?** In accounting, accrued revenue means revenue earned and recognized before it is invoiced. ASC 606 splits it: an unbilled receivable where only time stands between it and payment, a contract asset where the right still depends on further performance.

## Words this system refuses for it

- deferred revenue (the opposite timing)
- contract asset unqualified

- **Category:** Revenue recognition
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** unbilled-receivable, contract-asset, revenue, asset