Deferred revenue: Is it a liability & how to account for it?
Content Manage cash flow Estimate amounts needed to perform specific service tasks Understanding Unearned Revenue AccountingTools The Benefits of Unearned Revenue Deferred revenue vs. unearned revenue However, over time, it converts to an asset as you deliver the product or service. Therefore, you will record unearned revenue on your balance sheet under short-term liabilities—unless you […]