# Performance obligation

> Performance obligation — A promise in a contract to transfer a distinct good or service, or a series of substantially the same ones — the unit revenue is recognized by.

Source: https://lopifi.com/glossary/performance-obligation
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is performance obligation?** In accounting, performance obligation means a promise in a contract to transfer a distinct good or service, or a series of substantially the same ones — the unit revenue is recognized by.

## Words this system refuses for it

- deliverable
- line item

- **Category:** Revenue recognition
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [revenue-waterfall](https://lopifi.com/md/components/revenue-waterfall)
- **Related:** revenue