# Transaction price

> Transaction price — The consideration an entity expects to be entitled to for the contract, including estimated variable consideration and excluding amounts collected for third parties such as sales tax.

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

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**What is transaction price?** In accounting, transaction price means the consideration an entity expects to be entitled to for the contract, including estimated variable consideration and excluding amounts collected for third parties such as sales tax.

## Words this system refuses for it

- contract value
- TCV

- **Category:** Revenue recognition
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** variable-consideration, transaction