What is GAAP Accounting?
Baremetrics
AUGUST 11, 2021
Revenue recognition, as per GAAP, states that payment is recognized as revenue after delivering the product or service in its entirety. In the SaaS industry, subscription fees are paid as monthly recurring revenue (MRR) and can be paid in advance for up to a year. It’s initially valued at cost and then revalued to market value.
Let's personalize your content