accrued income

Definition

Income that has been earned by a company or an investment fund by providing a product or service, but has not yet been received. Income from mutual funds and other shared assets that is paid out periodically also counts as accrued income, since the income is earned by the shareholders at the time of accumulation.

Use accrued income in a sentence

I wondered how much accrued income we would be making and everything seemed fine and we had a good balance.

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You should always know what your accrued income will be so that you can budget all of your expenses correctly.

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Companies that have been in existence for a long time will have a high balance in accrued income but that number does not tell the entire story.

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