1.
advance payment received; customer deposit
Money collected from a customer before the goods are delivered or the service is performed. It counts as a liability until the work is done, because the business still owes something in return.
The advance payment is transferred to sales at the point the goods are handed over.
Formed from 前 (beforehand) + 受け (receiving) + 金 (money). Common in construction, custom manufacturing, and subscription businesses, where payment routinely comes before delivery.
Common collocations
- 前受金を受け取る: to receive an advance payment
- 前受金を返金する: to refund an advance payment
- 前受金として計上する: to record as an advance received
Similar words
Related Words
Related:
売掛金 (accounts receivable)
Compare:
前払金 (advance paid)
Compare:
手付金 (deposit)
Compare:
内金 (part payment)