03-11-2014, 10:59 PM
(03-11-2014, 09:11 PM)roxhockey Wrote: Actually my point is the exact opposite - their revenue is not as recurring as you might think as much of the recurring cash payments are booked up front.
If they are booked up front, it will be unearned revenue. It will be in the balance sheet not in the profit and loss.
Thanks