How is Unbilled Revenue defined in a legal contract?
- Unbilled Revenue means completed tasks that arise from a government contract, which is in process of documentation for submission, or for which the debtor hasn't given approval for invoicing yet. Seen in 3 SEC filings
- Unbilled Revenue means all accumulated but not billed income and customer accounts as of a certain date, determined in accordance with standard accounting principles, without deductions or reserves related to collectability, bad debts, or adjustments. Seen in 2 SEC filings
- Unbilled Revenue means amounts owed to the business for services provided in the regular course of operations, but which haven't been invoiced to its customers yet, and which meet all of the business's guarantees. Seen in 1 SEC filing
- Unbilled Revenue means the total amount of the business's receivables for delivered goods or services that haven't been invoiced yet at the time of financial cut-off. Seen in 1 SEC filing
- Unbilled Revenue means all revenue, including accumulated income, which has been recognized or otherwise reflected in the business's financial statements, and which hasn't been invoiced yet. Seen in 1 SEC filing
- Unbilled Revenue means the total amount of revenue, which has not been invoiced yet, generated in certain conditions concerning the receipt of aged listings of accounts receivable. Seen in 1 SEC filings
- Unbilled Revenue means the amounts payable by customers of the division that were derived from the operation of the business and were accrued for a period not more than 31 days prior to closing date, but have not been billed as of the closing date. Seen in 1 SEC filing
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Unbilled Revenue means payment due for delivered products or services not yet invoiced.
Relevant Contract Types
Relevant Circumstances
- Supply of goods and services before invoicing takes place
- Trade relationships with extended payment terms
- Long-term projects where costs accrue over time
Relevant Sectors
Genie Definition 2
- Unbilled Revenue means recognized, but not billed, income as determined by standard accounting principles.
Relevant Contract Types
Relevant Circumstances
- Consulting or professional services provided over long periods of time
- Agreements where payments are to be made at regular intervals
Relevant Sectors
Genie Definition 3
- Unbilled Revenue means the total receivables from operations that have accumulated but haven't been invoiced.
Relevant Contract Types
Relevant Circumstances
- Projects or services with irregular or milestone-based payments
- Operations where revenue recognition and billing do not align
Relevant Sectors
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Unbilled Revenue means payment due for delivered products or services not yet invoiced.
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