Bookings refer to the total value of customer orders that a business has received for goods or services. In other words, bookings represent the total amount of revenue that a business expects to generate from its customers in the future. Bookings are different from revenue, which is the actual amount of money that a business has received from its customers. Bookings are an important metric for businesses because they provide an indication of future demand for the company's products or services. Bookings are often used in sales and marketing to help forecast future revenue and to set targets for sales teams.
What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels