Unearned vs. Unbilled Revenue with Examples
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- เผยแพร่เมื่อ 5 ก.ย. 2024
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Due to the Accrual Accounting principle, we must record Unearned and Unbilled Revenue. In this video we go over an example of each type.
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i really want you to start financial analyst series for aspiring finance students for entry level jobs
Great explanation easy to understand i like your all accounting concepts one humble request please make intercompany accounting complete series it will used for every one who are looking for career in accounting..
Great video Bill! First time hearing about unbilled revenue, however, it was straightforward; considering how similar it is to accounts receiveable.
Glad you enjoyed it!
Just want to say bro you are helping me a lot. You have cleared a lot of doubts regarding accounting with real life examples
Thank you.
Glad to hear that
An amazing explanation, an one important topic for deferred taxes
Your videos are amazing and make accounting easy to understand. Are you planning to add a CPA course to your academy?
I am actually considering it!
Masha allah, Thank you for Helping Us, i appreciate 😊
Great video! More like this please.
You got it!
Thanks! Great video
Excellent explanation. Just made it easier to learn
Thank you bro
Great vid, though it would have been nice to have seen this last year. First year Accounting Manager learning the ropes.
Glad it was helpful!
Amazing video as usual Bill, can you cover leases as the next topic thanks!
Very helpful as always..
Glad you think so!
Can you do a video on leasing? Always confuses me
❤
Does this only apply if you're talking about 2 different years (Dec/Jan) or do you need to account this way during a normal fiscal year?
Good question. Monthly reporting is relevant in most companies, thus, this matters even within the same fiscal year
Hi, silly question: For the unbilled revenue, if there are also expenses incurred for the services they have provided, they (e.g. cost of sales) should be recorded in December 2023, right?
The cost should get recorded in the same period as the revenue (matching principal)
Awesome video, Bill! CourseCareers is interested in a paid partnership. Did you get a chance to read the email we sent?
Please I thought accrued revenue was the same as unbilled revenue?
Yes same
@@TheFinancialController Thank you
Hi Sir, Need your help I have 10 plus year experience in accounting.. I am from India .. I want a course of USA accounting..thereafter want to apply for job there ..Can you help me by suggesting any course or pls advise me your email id