What Is Accrued Income?

Patrick Curtis

Reviewed by

Patrick Curtis WSO Editorial Board

Expertise: Investment Banking | Private Equity

Accrued Income is when a company puts down income on its balance sheet before it is actually received. This is usually because the payment is frequent and regular.

The reason the company can claim this as income in advance is because there is a very high probability that they will be paid. Accrued Income is found on the Balance Sheet under Current Assets.

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Patrick Curtis

Patrick Curtis is a member of WSO Editorial Board which helps ensure the accuracy of content across top articles on Wall Street Oasis. He has experience in investment banking at Rothschild and private equity at Tailwind Capital along with an MBA from the Wharton School of Business. He is also the founder and current CEO of Wall Street Oasis. This content was originally created by member WallStreetOasis.com and has evolved with the help of our mentors.