Revenue recognition
The export files containing revenue postings are generated at the end of each month.
Revenue is recognized when a performance obligation is satisfied with a customer. That's why revenue is distributed evenly over the number of days of the duration of the subscription.
The total number of days is based on 360 days per year and each month is taken into account equally with 30 days.
As the performance period can also start within a month, the recognition rates for the first and last month of the performance period are calculated separately as follows:
Days in the first month = 30 - start date of the performance period + 1
The 30th is the start date if:
the start date is the 31st of a month,
the start date is February 28 in a non-leap year,
the start date is February 29 in a leap year.
Days in the last month = end date of the performance period - start date of the performance period + 1