# Unbilled receivable

> Unbilled receivable — Revenue recognized where the right to payment is unconditional but the invoice has not yet been issued — a receivable, not a contract asset.

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

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**What is unbilled receivable?** In accounting, unbilled receivable means revenue recognized where the right to payment is unconditional but the invoice has not yet been issued — a receivable, not a contract asset.

## Words this system refuses for it

- contract asset
- WIP

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