1. Description of Business and Significant Accounting Policies: Deferred Revenue (Policies)

12 Months Ended

Oct. 31, 2015

Policies

Deferred Revenue

Deferred Revenue

Deferred revenue includes amounts attributable to advances received or invoices sent on customer agreements, which are contractually required and non refundable, which may be prepaid either annually, quarterly, or monthly. Revenues from such customer agreements are recognized as income ratably over the period that coincides with the respective agreement.

The Company recognizes initial set-up fee revenues and associated costs on a straight-line basis over the estimated life of the customer relationship period, typically five years.