ASC 606
ASC 606 is the US accounting standard for recognizing revenue from contracts with customers. It defines a five-step model for when and how much revenue a company records as it satisfies its obligations.
Glossary
Billing & Pricing Glossary
Clear, neutral definitions for the billing, pricing, and revenue terms that come up when you monetize an AI or SaaS product — with examples and how each concept works in practice.
Credit memo
A credit memo is a document a seller issues to reduce the amount a customer owes on a previously issued invoice. It records a credit for returns, overcharges, or adjustments without deleting the original invoice.
Quote-to-cash
Quote-to-cash is the end-to-end business process from generating a customer quote through to collecting and recognizing payment. It spans pricing, quoting, contracting, ordering, billing, payment, and revenue recognition.
Unearned vs deferred revenue
Unearned revenue and deferred revenue are the same thing: money received for goods or services not yet delivered. It is recorded as a liability and recognized as revenue once the obligation is satisfied.
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