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Unbilled revenue

Kallol Sarkar (Accountant) (188 Points)

14 August 2019

Can anybody explain 'Unbilled Revenue" with examples & accounting prcedure

How it appears in Balance sheet?

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4 Replies

Padmahas Niwas (ca) (251 Points)
Replied 14 August 2019

the income which had been recorded in PL but bill had not been issued for the same.
like...... postpaid telephone bills for last month, in some cases commission/incentives to dealers by principal

Kallol Sarkar (Accountant) (188 Points)
Replied 14 August 2019

Telephone bill is an expense. It is booked as liability as on 31st March.

I am talking about revenue only which is unbilled till 31st March but appear in Balance sheet.where invoicing will be done on a later date.

Padmahas Niwas (ca) (251 Points)
Replied 14 August 2019

sir I am talking about postpaid bills for telecom companies. think about their point of view. Suppose my post paid bill cycle is 20th March to 19th April. telecom companies will books revenue of 10 days on 31st march but they will issue bill only on 19th April.