The cash receipts will for the most part be unearned On receipt and be amortised to revenue over 12 months. Likewise there will be unearned revenue from prior quarter hitting revenue this time around. Much better / safer to be getting the cash up front as it’s there’s very little risk that the revenue won’t come in as it’s kisy a monthly accounting entry rather than dependent on customer behaviour. Would expect given growth in cash receipts a bit more than half would be unearned and the balance booked as revenue under accrual method of accounting that they will report on.
My main point was s trying to get a handle on retention rates and sticky revenue.
Anyone?
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