All billed items have appeared on an actual bill posted or are balance forward entries. These entries, plus unbilled payments, determine a client's accounts receivable balance. All unbilled payments are payments received since the last bill was posted and will appear in the current payments received section of the next bill. Unbilled costs and fee/sales tax/late charge adjustments are included on the next statement. Billed items have been charged and shown to a client on a bill, unbilled items have not.