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Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

Magazine subscriptions offered as monthly or annual subscriptions. Non-compliance with accounting standards such as IFRS or GAAP can result in significant financial penalties—not to mention a loss of trust with customers and stakeholders. Examples of unearned revenue include: Membership fees i.e. gyms, clubs, classes. Legal retainers.

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Recurring Payments: Definition and Implementation Best Practices

Stax

Recurring billing and payments are commonly used for things like paying for a gym membership, utility bills, streaming services like Netflix and Hulu, subscription payments, magazine subscriptions, and many more. Ensuring security and compliance Security is paramount in recurring payments. Ready to Learn More? Get in touch!

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Recurring Billing: Definition, How it Works, and Best Practices

Stax

Legal and payment compliance Adhering to compliance standards, including those set by the Payment Card Industry Data Security Standard (PCI DSS), is essential. Contact Stax Payments today to learn more about their recurring billing and payment processing solutions.