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Get to Know the 5 Steps of Revenue Recognition Revenue recognition, affectionately referred to as “rev rec,” is a process that outlines when and how revenue should be recognized within a company’s accounting cycle. While the myriad of details and technicalities are too vast to be described in a single blog post, it’s still important to…

Magazines, newspapers, life insurance, phones, security services, and a long list of products and services have been sold for decades using the subscription model. What has changed? The model has not really changed, but the relative importance has. The difference now is how important and meaningful the subscription model has become to the national economic engine.…