What is the difference between billings-in-excess liability and unbilled asset on a contractor balance sheet?
ABL Advisor prints "cost in excess of billings ('Under Billings,' an asset on the balance sheet) and billings in excess of cost ('Over Billings,' a liability on the balance sheet)."
Last updated: August 27, 2026
What does ABL Advisor print?
The same piece prints that those two items "are a result of Percentage of Completion accounting (POC)." It does not print that Over Billings is an ineligible AR category.
What does OCC print on unbilled AR?
The OCC Comptroller's Handbook on Asset-Based Lending lists "Unbilled accounts receivable" among "receivables commonly designated as ineligible."
| Printed term | Source | What the source prints |
|---|---|---|
| Under Billings / cost in excess of billings | ABL Advisor | Asset on the contractor balance sheet |
| Over Billings / billings in excess of cost | ABL Advisor | Liability on the contractor balance sheet |
| Unbilled accounts receivable | OCC ABL handbook | Commonly designated as ineligible |
Related topics
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Frequently asked questions
What is the difference between billings-in-excess liability and unbilled asset on a contractor balance sheet?
ABL Advisor prints Under Billings as an asset and Over Billings as a liability. The OCC lists "Unbilled accounts receivable" as commonly ineligible.