Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Unearned income, also known as passive income, is derived from sources other than employment or business operations and can act as a financial safety net during times of job loss or financial crisis.

View post: Lululemon eyes key growth market and it's not the U.S. Lululemon eyes key growth market and it's not the U.S.

Many businesses receive advance payment for products and services. In such a case, the monies received are not earned income because the business will provide the products or services at a later date.

In accrual accounting, revenue is included as income when it is generated. The work is done, the company is paid, and the amount is entered as income. Only earned revenue – money exchanged for a good ...

An individual’s taxable income is the amount of money they’ve received over the course of a particular tax year in both earned income and unearned income. This number determines their tax liability.

All businesses want to make money, and when they do, they need to record and track their revenues. Revenue is the income that a business generates from its normal activities. A landscaping company, ...