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Discuss the steps involved in the performance management process.
Fees Earned
Income generated from services provided, recognized in the period in which the services are rendered.
Billed
Issuing an invoice to customers for goods sold or services provided, indicating the amount they owe the business.
Unearned Subscription Revenue
Income received for subscriptions that have yet to be fulfilled or delivered to the customer, considered a liability until earned.
Subscription Revenue
Income earned by a company through the sale of subscriptions for services or products, often recognized over the subscription period.
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