Businesses sometimes need to make an unearned revenue adjusting entry to their balance sheet. These entries reflect goods and services that the company has been paid for but not yet provided. As ...

Unearned service revenue is income received by companies as payment for services or products to be provided in the near future. Such revenue, as with all financial transactions, is entered into the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Revenue is income from a business's normal activities, like a landscaper's service fees. Unearned revenue is prepaid by customers and is a liability until services are rendered. Recording unearned ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Unearned revenue represents payments ...

Unearned income is highly useful for anyone looking to accumulate wealth, but it does come with tax consequences. Here’s the deal. What Is Unearned Income? What’s the Difference Between Unearned ...

Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.