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overthehedge2

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overthehedge2

Re: Mayday post# 32350

Sunday, 11/18/2018 8:54:52 PM

Sunday, November 18, 2018 8:54:52 PM

Post# of 35337
I am not an accountant but it looks like for software platforms you can only recognize the revenue as it is delivered. yearly subscriptions would be 1/12 per month. Hopefully that means the $7k or 2334 months recognized in Q3 that there are over 1000 subscribers. And that number keeps growing in q4 and 2019.

Here is the link to the site with the revenue recognition explanation: https://baremetrics.com/academy/need-know-saas-revenue-recognition
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