Up-front and milestone payment

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Sherlockat

Senior Member
Castilian (Patagonian)
Hi guys!

Context: The upfront and milestone payments are recorded initially as deferred revenues and recognised as a revenue during the term of the contract signed with OBP, which includes two distinct phases: development and marketing.

As far as I know, Upfront is "anticipo" and "milestone payment" as well.
What is the difference?
Will second one be "anticipo por avance del trabajo" or "anticipo por aceptación del servicio o trabajo"?
I've never heard that term in Aussielandia.
Ta,
 
  • robjh22

    Senior Member
    U.S.A. & English
    The upfront payment is made before work begins; the milestone is made when the project reaches pre-agreed points of development. $100,000 upfront, $50,000 after the land is cleared, $100,000 after the foundation is laid, etc.
     

    Sherlockat

    Senior Member
    Castilian (Patagonian)
    The upfront payment is made before work begins; the milestone is made when the project reaches pre-agreed points of development. $100,000 upfront, $50,000 after the land is cleared, $100,000 after the foundation is laid, etc.
    Thanks..it makes sense now.
     
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