Revenue backlog
Definition
Your Revenue Backlog is revenue that has been contractually promised to you but has not yet been invoiced. The customer has agreed to pay for the future provision of a service but they have not received that service or been charged for it.
Example: A customer on an annual subscription but is billed monthly.
If the customer has an annual subscription worth $1200 being charged $100 a month after two months you will have collected $200 in revenue and have a revenue backlog of $900.
Contracted, but yet to be billed revenue is not factored into your Monthly recurring revenue (MRR) calculation in Upzelo.
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