Unearned Revenue: What it is and What it Means for Subscription Businesses
Stax
MAY 20, 2024
Magazine subscriptions offered as monthly or annual subscriptions. Non-compliance with accounting standards such as IFRS or GAAP can result in significant financial penalties—not to mention a loss of trust with customers and stakeholders. Examples of unearned revenue include: Membership fees i.e. gyms, clubs, classes. Legal retainers.
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