Underbillings on a Balance Sheet

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Underbillings on a balance sheet represent the revenue a company has earned but not yet billed to customers, often seen in construction and long-term projects. It's recorded as an asset because it reflects work completed but not yet invoiced. Underbillings indicate the company has performed services or delivered goods that are awaiting formal invoicing. • To learn more about surety bonds, please visit https://axcess-surety.com/ • #surety #suretybond #underbilling #construction #bonds #bonding

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