Unbilled Receivables On Balance Sheet
Unbilled Accounts Receivables is a Current Asset for the business as it is an unbilled revenue receivable which is earned by the business but the bill is not invoiced or issued to clients / customers for the goods sold or services rendered. The period during which, the bill is not issued to clients / customers is unbilling period and the revenue earned but not received is treated as an unbilled revenue which is a current asset and shown on Balance Sheet . Unbilled Receivables is different from Accounts Receivable as in case of accounts receivable, we issued invoice to our customers but the payment is not received against goods delivered or services rendered. So, being a current asset, u n billed receivables is shown on balance sheet and when the bill is issued to customers, then it is closed to accounts receivable account for the accounting period.