Money
Bookings and billings
Bookings are the value of contracts signed; billings are what's been invoiced. Neither is revenue yet, which is counted as the service is delivered.
You'll hear it as
Bookings were huge this quarter, but most of it bills next year.
Why it matters to you.
Sales teams celebrate bookings, finance counts revenue, and cash arrives on billing. The same deal can look very different in each.
Related terms.
Videos.
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