1/ I kind of like tweetstorms as a low friction way to procrastinate. Let's talk consequential differences in what SaaS means by "revenue."
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11/ Larger companies have complicated computer programs which handle revenue recognition, often on a per-day basis over contract term. Yep.
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12/ My favorite example is virtual goods, where GAAP says you have to pro-rate revenue for e.g. a magic sword over expected avg player life.
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@patio11 Question 1: if you don't allow them to cancel for a partial refund, do you avoid the liability? -
@tommyjensen My understanding is "No", you still have a liability if the service hasn't been provided yet. This drives Bob Parson nuts.
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@patio11 question 2: if you sell, eg. Bingo Cards to school teachers and offer 30 days money back, do you also book a liability? -
@tommyjensen I think technically speaking you're supposed to book a contingency with a reasonable estimate of the returns. Not positive.
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