Hi
Can anyone please explain the difference between
Unbilled Receivable Account and Unearned Revenue account.
regards
Arvin
unbilled receivable account versus unearned revenu
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Hi,
When you use Invoicing Rule, the receivables are accounted on different dates as defined in the rule. Till such time receivables are accounted, the amount is debited to Unbilled Receivables
If you use Accounting Rule, the revenue is accounted on different dates. Till such time revenue is accounted, the amount is credited to Unearned Revenue..
Hope it clears ur doubt..
Regards
Mahesh
When you use Invoicing Rule, the receivables are accounted on different dates as defined in the rule. Till such time receivables are accounted, the amount is debited to Unbilled Receivables
If you use Accounting Rule, the revenue is accounted on different dates. Till such time revenue is accounted, the amount is credited to Unearned Revenue..
Hope it clears ur doubt..
Regards
Mahesh
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