Firm Billings

Firm billings refer to the guaranteed revenue a company expects to receive within a specific period from its clients, based on signed contracts or agreements. Unlike potential or contingent earnings, firm billings are definite, providing a reliable measure of income for budgeting and financial planning. They reflect the actual work billed and billed out to clients that the company has committed to delivering, making them a key indicator of the company's near-term financial performance and cash flow stability.