SaaS
Mid-Term Upsell — Contract Modification
A customer upgrades from Basic to Enterprise mid-contract; the contract is modified to reflect the new price.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Deferred Revenue (Old Plan) | Liability (-) | 400.00 | - |
| Deferred Revenue (New Plan) | Liability (+) | - | 900.00 |
| Cash / Receivable (Top-up) | Asset (+) | 500.00 | - |
💡 Accountant's Note
A contract modification that adds distinct services is treated as a new contract. The old deferred balance is closed and a new one opened at the upgraded price. The customer pays the incremental difference.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.