If we pass the entry by debiting unbilled AR and crediting unbilled Revenue then the credit should go to P&l also to B/S (liabilities-GP) and assets (unbilled AR & unbilled rev) it won’t tally. To recognise revenue billing is not at all required.So we can directly recognise as Revenue.
When we are debiting to unbilled AR its our assets and crediting unbilled revenue thats our income crediting to P&L. For revenue recognize if we delivered services and haven't billed for same than unbilled revenue we have to take into books as per Accounting standard. Thanks
Hello @Accounts Gurukul please also make video on billing offset which combines both Accrued revenue and deffered revenue. and also explain that with complete example...and also it would be more great if you relate that concepts with oracle fusion cloud erp
Thanks. Please refer below video to get more clarity on this. We have created video taking into consideration this as case study. ua-cam.com/video/HYYUUDNxqEU/v-deo.html
super sir excellent your teaching is too good & content also excellent
Its our pleasure. Thanks a lot.
If we pass the entry by debiting unbilled AR and crediting unbilled Revenue then the credit should go to P&l also to B/S (liabilities-GP) and assets (unbilled AR & unbilled rev) it won’t tally.
To recognise revenue billing is not at all required.So we can directly recognise as Revenue.
When we are debiting to unbilled AR its our assets and crediting unbilled revenue thats our income crediting to P&L. For revenue recognize if we delivered services and haven't billed for same than unbilled revenue we have to take into books as per Accounting standard. Thanks
It would be highly appreciated if you guys make a series on ifrs Or ind as
Sure..... will do. Thanks
Very well explained sir..Please share more videos on IND AS and US GAAP interview related questions
Sure.... Will add in to do list. Thanks a lot for the kind words.
Please help to understand and prepare unbilled with project revenue
Sure. Will add this in our to do list. Thanks
Hi sir, please make more advance journal entries.
Sure..... Will come up with what you asked. Thanks
Hello @Accounts Gurukul please also make video on billing offset which combines both Accrued revenue and deffered revenue. and also explain that with complete example...and also it would be more great if you relate that concepts with oracle fusion cloud erp
Sure..... Will try to create the video for same. Thanks
@@AccountsGurukul Thanks 😊
Hi thanks for this
Its our pleasure. Thanks
Unbilled revenue is applicable to rental income if we are invoicing for 15 th March to 15 April?
Thanks. Please refer below video to get more clarity on this. We have created video taking into consideration this as case study.
ua-cam.com/video/HYYUUDNxqEU/v-deo.html
And make some videos on ratio analysis
Yes shortly we will come up with videos on same. Thanks