Page 1 of 1
unbilled receivable account versus unearned revenu
Posted: Fri Nov 14, 2008 3:32 am
by akumar.oracle
Hi
Can anyone please explain the difference between
Unbilled Receivable Account and Unearned Revenue account.
regards
Arvin
Posted: Thu Nov 20, 2008 5:31 am
by umamahesh_jv
Hi,
When you use Invoicing Rule, the receivables are accounted on different dates as defined in the rule. Till such time receivables are accounted, the amount is debited to Unbilled Receivables
If you use Accounting Rule, the revenue is accounted on different dates. Till such time revenue is accounted, the amount is credited to Unearned Revenue..
Hope it clears ur doubt..
Regards
Mahesh
Posted: Sat Nov 22, 2008 2:28 pm
by oracle7
If Invocing rule is IN-ADVANCE then your accounting will be Unearned Revenue.If your invoicing rule is IN-ARREARS,your accounting will be Unbilled Receivable.