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Unearned Revenue: What it is and What it Means for Subscription Businesses

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This is important for subscription businesses due to recurring advance payments. Effective management of unearned revenue involves cash flow forecasting, using the right accounting software, and mitigating the risks associated with subscription churn. Magazine subscriptions offered as monthly or annual subscriptions.

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Recurring Payments: Definition and Implementation Best Practices

Stax

The commerce landscape—whether it’s retail, services or software—is moving faster than ever. Recurring billing and payments are commonly used for things like paying for a gym membership, utility bills, streaming services like Netflix and Hulu, subscription payments, magazine subscriptions, and many more. Get in touch!

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Subscription Billing for Businesses: Everything You Need to Know

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Long before the digital age, newspaper and magazine companies have been using the subscription model to create and retain a consistent readership for their publications. This business model has now been adapted very well in the internet age, especially in the SaaS (Software-as-a-Service) and eCommerce industries.

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

Setting up recurring payments Select a Recurring Billing Software Platform: The solution you choose must support recurring payments and integrate seamlessly with your existing operations. This may come with the billing software platform , or a gateway provider may need to be sought separately.