---
title: Unbilled Receivable
description: 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 ...
sidebar_position: 13
tags: ['asc-606', 'Billing']
---

# 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.