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2. Basis of Presentation and Significant Accounting Policies: Deferred Revenue (Policies)
6 Months Ended
Apr. 30, 2018
Policies  
Deferred Revenue

Deferred Revenue

 

Deferred revenue includes amounts attributable to advances received or billings related to customer agreements, which are contractually required and are non-refundable, and may be prepaid either annually, quarterly, or monthly. Deferred revenues from such customer agreements are recognized as revenue 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.