Resources Archives

D Glossary

What Is Deferred Billing?

What It Means (Simple Explanation) Deferred Billing refers to the practice of delaying invoicing or payment for goods or services even after they have been delivered or accessed. It’s often used in scenarios like annual…

OrdwayAugust 29, 2025

Glossary N

What Is New ARR?

What It Means (Simple Explanation) New ARR (New Annual Recurring Revenue) refers to the annual recurring revenue generated exclusively from newly acquired customers during a specific period. It excludes changes to existing customer accounts, including…

OrdwayAugust 28, 2025

Glossary P

What Is Proration?

What It Means (Simple Explanation) Proration (also known as prorated billing) is the practice of adjusting the charges a customer owes when there is a change to their contract during a billing cycle. Examples of…

OrdwayAugust 28, 2025

A Glossary

What’s an ACH Payment?

In Simple Terms ACH stands for Automated Clearing House. It’s a way to move money straight from one bank account to another. ACH is a term primarily used in the US banking system. It is…

OrdwayAugust 14, 2025

F Glossary

What Are Financial Statements?

The Short Version Financial statements are reports that show how your business is doing with money. They tell you what you earned, what you spent, what you own, what you owe, and if you're making…

OrdwayAugust 14, 2025

A Glossary

ARR Movements

Simple Explanation ARR movements track the changes in a company’s Annual Recurring Revenue over time. These changes come from new bookings, renewals, expansions, contractions, and churn. Each movement affects ARR in a different direction, and…

OrdwayAugust 13, 2025

Glossary I

What’s an Income Statement?

An income statement (aka P&L) shows how much money your business made or lost over a period of time. It tracks what you earned, what you spent, and what’s left over. In this article we…

OrdwayAugust 13, 2025

Glossary S

What is a Subscription Plan?

What It Means (Simple Explanation) A subscription plan defines the pricing, billing frequency, feature entitlements, and usage allowances a customer receives in exchange for a recurring fee. It’s the core commercial line item in SaaS…

OrdwayAugust 12, 2025

B Glossary

What is Batch Invoice Generation?

What It Means (Simple Explanation) Batch invoice generation is the automated process of producing multiple invoices in a single billing run. It consolidates all billable records for a set of customers based on billing triggers…

OrdwayAugust 8, 2025

Five Ways to Shorten Month-End Close for SaaS Companies

FAQs Subscription Billing FAQs

How do you process credit memos in SaaS billing?

Short Answer To process credit memos in SaaS billing, finance teams should define workflows for the most common causes—like downgrades, service credits, or billing errors—and route requests through automated, semi-automated, or manual procedures. How Automation…

OrdwayAugust 6, 2025

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