Unearned Revenue: What it is and What it Means for Subscription Businesses
Stax
MAY 20, 2024
Tickets purchased ahead of travel or events, as the revenue cannot be recognized until the actual offering has been redeemed i.e. a concert or a flight. Insurance policies or service contracts where payment is taken upfront, as this represents a long-term liability. Legal retainers. Advance rent payments.
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