(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)

Unearned revenue represents money that you have received in advance of providing the goods or services to your customer. Unearned revenue is a liabilitiy of your business until you provide the goods or services you agreed to provide to the customer.

Unearned revenue occurs when advance fees or payments are received, such as for trade events, and there has been no exchange of services or products.

A liability account that reports amounts received in advance of providing goods or services. When the goods or services are provided, this account balance is decreased and a revenue account is increased. To learn more, see Explanation of Adjusting Entries for a further discussion. To Top

Income received before goods or services have been provided to the customer. This advance payment is considered a liability until the goods or services are delivered.

Money received by a business before it is earned. It is a liability to your company until it is earned. (Money from a robbery?)

Revenue collected in advance of the delivery of a good or service. Also known as Deferred Revenue.

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