Source: https://www.revvly.ai/glossary/bookings-billings-revenue

[Glossary](https://www.revvly.ai/glossary)

# Bookings, billings and revenue

**Bookings are the value of contracts signed, billings are what has been invoiced, and revenue is what has been earned by delivering the service. For a subscription business the three move on different timelines, so a signed multi-year deal can raise bookings today while revenue arrives gradually over its term.**

## How to read it

Confusing them is a common source of mismatched board and finance numbers. Decide which one each report uses, label it, and reconcile them through deferred revenue rather than forcing them to agree.

## Further reading

- [Bookings, billings, revenue: stop conflating them.](https://www.revvly.ai/blog/bookings-billings-revenue)

## Related terms

- [Deferred revenue](https://www.revvly.ai/glossary/deferred-revenue)
- [Annual recurring revenue (ARR)](https://www.revvly.ai/glossary/arr)

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Orchestrate the flow of revenue.

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