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What Is Remittance Advice? | SaaS Billing Definition

Glossary I

What’s an Income Statement?

What’s an Income Statement (P&L)? Simple breakdown for SaaS founders. Learn how to read revenue, COGS, expenses & net profit.

Ordway LabsAugust 13, 2025

Glossary S

Subscription Plan

Defines the pricing, billing frequency, feature entitlements, and usage allowances a customer receives in exchange for a recurring fee.

Ordway LabsAugust 12, 2025

B Glossary

Batch Invoice Generation

What is Batch Invoice Generation? How SaaS companies automate monthly billing runs for 1000s of customers. Reduce errors & save time.

Ordway LabsAugust 8, 2025

A Glossary

Account Hierarchy

What is Account Hierarchy? Learn how SaaS companies bill & report across parent-child accounts for enterprises. Simple definition + example.

Ordway LabsJuly 30, 2025

Glossary I

Invoice Number

What is an Invoice Number? Why unique, sequential IDs matter for SaaS billing, payments & audits. Best practices + examples.

Ordway LabsJuly 30, 2025

B Glossary

Billing Waterfall

What is a Billing Waterfall? Learn how it automates invoice timing, payment allocation & ensures ASC 606 compliance. Simple guide.

Ordway LabsJuly 29, 2025

Glossary S

Subscription Upgrade

When a customer moves to a higher-priced plan or adds more features, seats, or services to their existing subscription.

Ordway LabsJuly 23, 2025

Glossary M

Monthly Recurring Revenue (MRR)

What is MRR in SaaS? Simple definition, calculation formula & how it differs from ARR. Track growth accurately with real examples.

Ordway LabsJuly 23, 2025

D Glossary

What It Means (Simple Explanation) Deferred revenue is money you’ve been paid—but haven’t earned yet. If a customer pays upfront for a year, you can’t call it revenue right away. It sits as a liability…

Ordway LabsJuly 23, 2025

Glossary N

Net Revenue Retention (NRR)

What is NRR? Step-by-step formula, benchmarks & 3 proven ways to improve it. Essential SaaS metric for investors & growth.

Ordway LabsJuly 23, 2025

Resources

What’s an Income Statement?

Subscription Plan

Batch Invoice Generation

Account Hierarchy

Invoice Number

Billing Waterfall

Subscription Upgrade

Monthly Recurring Revenue (MRR)

Deferred Revenue

Net Revenue Retention (NRR)

Ordway Subscription Billing Software

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