How does bookings convert to revenue?
How does bookings convert to revenue? Companies convert bookings into revenue when they fulfill the obligations to customers as spelled out in sales contracts. For example, a company's bookings might include a deal to supply five different products over time, each priced individually.
What are the two types of booking?
Without bookings, there would be no customers, no money coming in, and no business in the end. In the digital age we live in now, there are two ways to book: directly and indirectly. In this article, we'll talk about how these two types of reservations are different, as well as their pros and cons.