Unearned revenue is a liability because it represents a company’s obligation to deliver goods or services in the future.

Deferred revenue, also called unearned revenue ... s future revenue streams and the sustainability of its business model. A large amount of deferred revenue on a balance sheet may suggest a ...

Service revenue is reported on the income statement under operating revenues, reflecting earnings from core business ...

If payment is received in advance of providing the goods/services, then the payment has been received before it has been earned, and it is unearned revenue. The cash receipt form should be used to ...