Overview

Required Plan

This feature or setting is available to all customers on any Recurly subscription plan.

Definition

The Contract Balances Report provides insights into the changes to contract assets and contract liabilities within a specified period. This report helps you understand the financial dynamics of your contracts by disclosing key information related to revenue, billing, adjustments, and more.

Guide

Accessing and configuring the report

To access and configure the Contract Balances Report:

1. Navigate to the Report:
   • Go to Reports > Reports on balances > Contract Balances Report.
2. Run the Report:
   • Click the Run button to generate the report.
3. Download the Report:
   • Click the Download button to save the report locally.

Report columns

• Total VC: Displays the total variable consideration for the line.
• TP after VC: Shows the transaction price after adjustments of favorable and unfavorable variable considerations.
• Total Adjustment: Calculated as Transaction Price minus Allocated Amount, representing the carve-out.
• Total Allocation: Amount of the transaction price allocated based on SSP (standalone selling price).
• Total Bill: Sum of total invoices issued.
• SO Revenue: Revenue recognized for the period.
• Billing Revenue: Amount of revenue recognized for which the right to bill exists.
• Adjustment Revenue: Carve-out amount to be adjusted with respect to the recognized revenue.
• VC Revenue: Amount of variable consideration recognized for that period.
• Total Revenue: Sum of SO Revenue, Billing Revenue, Adjustment Revenue, and VC Revenue.
• RPO (Remaining Performance Obligation): Amount of remaining revenue to be realized upon satisfaction of performance obligations.
• Liability/Asset: If the balance at the end is positive, it represents a liability; otherwise, it is a current asset.
• Current Asset: Revenue recognized for the period minus receivable.
• Current Liability: Invoice issued minus revenue recognized.
• Revenue on Hold: Revenue that is currently on hold.
• Accrual AP (Accounts Payable): Represents accrued expenses.