The amount is allocated as income but no payment has been made. In order to consider these transactions as a profit, an accountant must perform a line item adjustment to the balance sheet.
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Definition of unrecorded revenue: Revenue earned during an accounting period but recorded in a subsequent period.
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... and (4) accrue unrecorded revenue. Often a transaction affects the revenue or expenses of two or more accounting periods. The related cash inflow or outflow ...
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- Page 1 of 4 - Maine.gov
been the most significantly affected by January's unrecorded revenue. With the omitted January revenue added to March, this category was over budget by ...