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 ).
dvsprao108
Posts: 76 Joined: Fri Aug 01, 2008 4:55 am
Location: India
Post
by dvsprao108 » Tue Aug 26, 2008 9:07 am
Hi Friends,
Anybody could please explaine me the exact difference between UNBILLED RECEIVABLES and UNEARNED REVENUE?
Prakash
dvsprao108@gmail.com
kkmundhra
Posts: 83 Joined: Sat Jun 14, 2008 1:17 pm
Location: India
Post
by kkmundhra » Wed Aug 27, 2008 12:55 am
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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