money which has been earned but has not yet been received
accrued income in American English
noun
income earned but not yet received nor past due
Also called: accrued revenue
Word origin
[1980–85]This word is first recorded in the period 1980–85. Other words that entered Englishat around the same time include: NIMBY, designer drug, off-price, postfeminist, scientific creationism
Examples of 'accrued income' in a sentence
accrued income
At the end of 2016, about 53% of these lower quality assets - 583.7m in accrued income and prepayments - had not yet been invoiced.
Times, Sunday Times (2018)
It has a growing book of outstanding receivables - 'prepayments and accrued income' - where revenue has been booked but cash has not yet been received.
Times, Sunday Times (2018)
There are still big issues to be resolved, such as percentage of completion accounting for service contracts, involving large accrued income balances and mobilisation costs.