Unbilled Receivable

The ASC 606 Standard

A recognized right to consideration that is unconditional but has not yet been invoiced. It differs from a contract asset because only the passage of time is required before payment is due.

The Real-World Scenario

You provided a full month of hourly consulting services, but your company's standard billing run does not happen until the 5th of the following month.

The Spreadsheet Breaking Point

Cross-referencing operational delivery dates with future billing cycles manually to post month-end true-ups is a massive time sink.

The Hidden Cost to the Bottom Line

Missing unbilled receivables understates your actual earned revenue for the period, making the company look less profitable than it is.

How GAAPX Eliminates the Risk

Automatically generates unbilled receivable entries at month-end based strictly on exact service delivery dates.