Concept · Business and metrics

Bookings

Also called: booking, booked revenue, contract value, total contract value, TCV, ARR vs bookings

The total value of the contracts customers signed in a period. Bookings differ from revenue, which a company records only as it delivers the service.

For example: A customer signs a two-year contract worth 24,000 dollars in March. Bookings for March are 24,000 dollars. Revenue from that contract arrives at 1,000 dollars a month.

Connects to 6

• Revenue Concept
• ARR Concept
• MRR Concept
• Letter of intent Concept
• Accounts receivable Concept
• Order form Concept