Revenue recognition provides a meaningful and consistent measurement of business performance. In recurring revenue, it is important to match the revenue and the costs incurred to generate that revenue in the same period, regardless of when the seller’s invoice is issued or the customer’s payment is received.
As such, Aria Revenue Recognition provides a representation of account activity—primarily financial transaction activity—so that accounting systems have visibility into the amount of revenue that should be regarded as deferrable, and the amount of revenue that should be regarded as earned in a given period.
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