ACST classifies revenue by all the ways we classify accounts and products. This allows revenue to be filtered, grouped, and aggregated in various ways. There is also an important distinction across the types of revenue we track (Booking, Billing, GAAP). Follow the links below to find out more.

Booking revenue

This represents the new revenue associated with a Sales Opportunity. This includes one time revenue such as setup fees and the projected Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR).

Billing revenue

The amount that is billed to the client for each product or service at the time of invoicing. This is the type of revenue typically used for reports and analytics.

GAAP (Generally Accepted Accounting Principles) revenue

The amount that is reported in the P&L statement. It reflects revenue allocated to a specific period of time (ie: a quarterly payment that is received one month but recognized as GAAP Revenue in three separate months).

Revenue by Accounting Type

ACST uses an accounting type hierarchy to track sources of revenue. This is done by assigning up to three levels of accounting types to assets. Top level types include Subscription (expressed as MRR), One Time Fees, and Transactional Fees.