Revenue that has been earned but not yet received or recorded.
Income that a business has earned but not yet received payment for. It represents revenue that has been recognized in the financial records before the cash is received. Common examples include unbilled services, goods delivered but not yet invoiced, or interest earned but not yet collected. Accrued revenue is important for small business owners to track as it reflects the true financial performance and potential cash inflows of the business. By managing accrued revenue effectively, small business owners can ensure accurate financial reporting, plan for future revenue streams, and make informed business decisions based on a comprehensive understanding of their earnings.