# Bookings

Concept · [Business and metrics](https://ecosystem.samcarlton.com/business)

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](https://ecosystem.samcarlton.com/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](https://ecosystem.samcarlton.com/revenue) from that contract arrives at 1,000 dollars a month.

## Connects to (6)

- [Revenue](https://ecosystem.samcarlton.com/revenue): All the money customers pay your business, before any costs are taken out.
- [ARR](https://ecosystem.samcarlton.com/arr): Annual recurring revenue.
- [MRR](https://ecosystem.samcarlton.com/mrr): Monthly recurring revenue.
- [Letter of intent](https://ecosystem.samcarlton.com/letter-of-intent): A short document that sets out what two parties intend to agree on, such as a purchase once a product exists.
- [Accounts receivable](https://ecosystem.samcarlton.com/accounts-receivable): Money customers owe you for work already delivered or goods already sold, but have not paid yet.
- [Order form](https://ecosystem.samcarlton.com/order-form): A short document that records one purchase under a contract already in place: what the customer buys, how many users or units, the fees…

Map view: https://ecosystem.samcarlton.com/bookings