Income received during an accounting period for goods and services not yet supplied.... more on: Deferred income
(Also known as “Subscription liability”) Subscription payments made by subscribers to publishers in advance of issues being sent, and accounted for in the publisher's Balance Sheets. After each issue is released a proportion of deferred income is transferred to the publisher's Profit & Loss account (see also “Earned income”). The accounting is as follows: Earned income + Deferred income = Total subscription price.
Income, received in advance, which is not earned income until a later fiscal period.