SaaS Metrics - Backlog vs Def RevSubscribe
Quick question related to SaaS accounting - Is it fair to say that:
Deferred Revenue = Billings - Revenue
Backlog = Bookings - Revenue
Understand these terms are more nuanced than the above equations (Def Rev is broken up into a short term and long term liability, Backlog is a non-GAAP measure that depends on the company, etc.). But the above is currently a way I like to think about these terms - curious how you all think about the relationship between def rev and backlog.