Diff. btwn Unbilled Receivables & Unearned revenue

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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dvsprao108
Posts: 76
Joined: Fri Aug 01, 2008 4:55 am
Location: India

Diff. btwn Unbilled Receivables & Unearned revenue

Post by dvsprao108 »

Hi Friends,

Anybody could please explaine me the exact difference between UNBILLED RECEIVABLES and UNEARNED REVENUE?

Prakash
dvsprao108@gmail.com
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kkmundhra
Posts: 83
Joined: Sat Jun 14, 2008 1:17 pm
Location: India

Post by kkmundhra »

Hi

When an individual or company receives money for a service or product that has yet to be fulfilled. This is unearned revenue.

An unbilled receivable is an abbreviation meaning ?earned, but unbilled?.

Thanks
Karan
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