A”booking” is a won, signed, or dedicated sale. It is important to be aware that a booking isn’t necessarily invoiceable until you’ve given the item or completed the necessary services.
When a customer commits to spend money with the seller’s company, that is a “booking”. A booking can be tied to a form of contract between the seller’s company and the customer. The deal could be simple or very complex. Also, some bookings do occur without a contract. For instance, these contracts with customers include an insertion order in advertisements, a license agreement in enterprise software, and a subscription deal in”software as a service” companies.