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Does the Invoiced Sales report only display NEW subscriptions?

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Does the Invoiced Sales report only display NEW subscriptions?

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The number of subscription events on your Invoiced Sales report represents the number of events that we billed the operators on your behalf. This number includes both new subscriptions and recurring bill events for end users that are still active in subsequent months. Billing automatically occurs on the same date each month following the month in which the end user downloaded the application.

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