No items found.
FREE WEBINAR: Data to Dollars: A/R Reporting Strategies for Subs
Register Now →
Construction glossary

What is Accrued Revenue?

Accrued revenue is the income a subcontractor has earned for work performed or in progress but has not yet billed (the general contractor or client) or received payment for. This typically happens due to the nature of construction contracts, where payments are often tied to milestones or project completion.

Example: An electrical subcontractor working on a large commercial building is paid based on completed milestones, with invoices due at the end of each month. By June 30th, they've finished 75% of the $100,000 job, but can't invoice until month-end. The $75,000 earned but not yet invoiced is their accrued revenue.

Tracking accrued revenue is crucial for accurate financial reporting, as it reflects the subcontractor’s economic activity for the period—even before invoicing or receiving payment. To gain even deeper financial insights, many subcontractors turn to Siteline. Our tool is tailored to help track pay application statuses and amounts owed, empowering subcontractors to make more informed, strategic decisions. Experience the benefits firsthand by scheduling a Siteline demo today.

Trusted by trade contractors across the country

Other construction terms

Pay-When-Paid Clause

What is a Pay-When-Paid Clause?

A Pay-When-Paid Clause refers to a contractual provision often used within the construction industry. This clause essentially stipulates that a contractor or a subcontractor is not obliged to pay thei...
Progress Billing

What is Progress Billing?

Progress Billing is a method commonly used in the construction industry, where billing for a project is done at different stages as it progresses, rather than asking for full payment upfront or at the...
Lien Release

What is a Lien Release?

A lien release in the construction industry is a legal document that removes a lien that has already been placed on a property, clearing the property from any debt or obligation related to constructio...

Ready to end the fire drill and get paid faster?

Replace the spreadsheets and runarounds with Siteline, and see your invoice aging improve by at least 30%.
many forms with different layouts