Invoice factoring is older than you think The concept of factoring is quite...
What is Unbilled A/R?
Unbilled A/R is an Asset account on the balance sheet that represents amounts recognized as revenue for which invoices have not yet been sent. This can occur when you invoice in arrears or have any delay in billing relative to the revenue recognition trigger date. You will see this many times with staffing & guard companies who bill at month’s end.