Current Accrued Income Receivable

<p>Accrued revenue is money your company has earned but hasn't yet billed the customer for. It goes on the balance sheet as a current asset. In accrual-basis accounting, companies are allowed to record revenue on their income statement as soon as they have done everything required to earn it. If you do a $100 job for someone, you can "book" the revenue as soon as the job is done, before you even send a bill. Revenue flows from the income statement to the balance sheet, and in the case of unbilled revenue, it flows to accrued revenue.</p>