The balance sheet, income statement ... have a direct link to revenues on the income statement. Companies that use accrual accounting can book revenue in accounts receivable as soon as a sale ...

Reviewed by David Kindness Fact checked by Vikki Velasquez An accrual has occurred but has not yet been paid for. This can ...

This helps account for accrued revenues accurately so that the balance sheet remains in balance. Accrued revenue is revenue that has been earned but not yet received. It is recorded on the balance ...