Definitions and explanations of the most common sales, finance, and revenue operations terms.
Annual recurring revenue is the amount of revenue that a business expects to generate on a yearly, repeating basis.
ASC 606 is an accounting standard for revenue recognition, defining the principles and requirements for recognizing revenue from contracts with customers across all industries.
Monthly recurring revenue is the amount of revenue that a business expects to generate on a monthly, repeating basis.
Quote-to-revenue refers to the business processes that start at quoting, go through billing and invoicing, and end at recognizing revenue.