> ## Documentation Index
> Fetch the complete documentation index at: https://docs.dualentry.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Contract Assets and Deferred Revenue

> Book a contract asset or deferred revenue on each revenue contract at month end, independent of when the contract is invoiced.

Contract asset tracking lets revenue recognition run independently of invoice timing. At each month end, DualEntry nets a contract's billing against its recognized revenue and posts an adjustment. A contract recognized ahead of billing shows a contract asset on an unbilled receivables account. A contract billed ahead of recognition shows deferred revenue.

* **[How to Track Contract Assets on Revenue Contracts](https://docs.dualentry.com/accountants/revenue-recognition/contract-assets/track-contract-assets.md)**: set the unbilled receivables account, review a contract's monthly position, and sync adjustments.
* **[How Contract Asset Adjustments Work](https://docs.dualentry.com/accountants/revenue-recognition/contract-assets/understanding-contract-assets.md)**: how DualEntry calculates the net position, how locked periods are handled, and how adjustments appear in reports.

Return to [Revenue Recognition](https://docs.dualentry.com/accountants/revenue-recognition/index.md) for the full section.


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.