Business finance terms, explained simply.
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Unbilled disbursements are client expenses the firm has already paid but not yet invoiced.
Read moreUnbilled revenue is revenue a firm has earned by doing work but has not yet invoiced.
Read moreUncategorized transactions are imported bank or credit card transactions that have not been assigned to an expense or income category.
Read moreUndeposited funds is an account in accounting software that represents payments received but not yet deposited to the bank, used to batch multiple receipts into a single deposit that matches bank records.
Read moreAn underpayment penalty is an IRS charge for not paying enough tax throughout the year through withholding or estimated payments.
Read moreUnearned revenue is payment received for services not yet delivered, recorded as a liability until the services are performed and revenue can be recognized.
Read moreUtilization rate measures the percentage of an employee's total available hours spent on billable client work.
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