UNBILLED Meaning and
Definition
-
Unbilled, as an adjective, refers to any item or service that has not yet been invoiced or charged for. It is typically used in financial contexts, especially in accounting and billing processes. When something is unbilled, it means that no official record of the transaction or activity has been created to prompt payment or reimbursement. This can apply to various situations, such as unbilled hours worked by an employee, unbilled expenses incurred during a business trip, or unbilled products delivered to a customer.
In the realm of billing and invoicing, unbilled items are important to track and manage. They represent a potential stream of revenue or cost that has not yet been recognized by a company. Accurate and timely billing is crucial for businesses to generate revenue, maintain cash flow, and provide transparency to their clients or customers.
Unbilled items are typically entered into a billing system or software, which generates invoices or statements for customers or clients based on the recorded transactions. Once an item becomes billed, it means it has been included in an invoice and is now ready for payment. Conversely, unbilled items remain pending until they are included in an invoice or billing statement and subsequently charged or settled.
Common Misspellings for UNBILLED
Etymology of UNBILLED
The word unbilled is derived from the prefix un- which means not or lack of, and the verb bill, which originated from the Middle English word bille, meaning a written document or a written statement of charges. The term bill in this context refers specifically to invoicing or charging someone for goods or services. Therefore, unbilled essentially means not invoiced or not charged.
Similar spelling words for UNBILLED
- unfueled,
- unpledged,
- unfelled,
- univalent,
- unfledged,
- unfiled,
- unpolluted,
- unpillared,
- unveiled,
- unfulfilled,
- unveil,
- unfilled,
- unable,
- unobligated,
- unfilmed.
Infographic
Add the infographic to your website:
