Overbillings / Underbillings

Construction Finance

Financial adjustments on a balance sheet that account for the difference between the amount billed to a client and the actual costs incurred plus earned profit. 'Overbilling' (billings in excess of costs) can provide a temporary cash cushion, while 'underbilling' indicates earned revenue that has not yet been cashed, potentially straining liquidity. (Source: FASB/GAAP)

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