Resources
Glossary
Billing, revenue recognition, collections and SaaS metric terms, each defined in one paragraph and worked through on one example company's June.
Revenue recognition
ASC 606
Revenue from contracts with customersThe US standard for recognising revenue from customer contracts, in 5 steps.Performance obligation
A distinct promise in a contract, the unit ASC 606 allocates and recognises.Standalone selling price
SSPWhat each promise would sell for alone, the basis for allocating a contract's price.Deferred revenue
Unearned revenueBilled or collected but not yet earned, a liability until the work is done.