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Changelog byAnnounceKit

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Feature
2 years ago

Prepurchase with future effective dates

Orb supports a sophisticated pre-purchase ledger with automatic event-level deduction tracking, expiry, and the ability to take fine-grained actions on credit blocks.


Starting today, blocks may be effective as of a future date, allowing you to represent future purchases. Use this functionality to load in a credit purchase as soon as the contract is signed, while still reflecting the correct effective date of the contracts. 


This also helps you achieve more accurate financial reporting behavior: blocks that are effective at a future date are booked revenue as of their effective date, and the resulting revenue will be deferred only after that date.