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Bi101's Hub for Revenue Recognition

Have questions about ASC 606 for software or professional services companies?
What Does Revenue Recognition Mean in 2017?

What Does Revenue Recognition Mean in 2017?

Jan 17, 2017

Revenue recognition, at its core, is an accounting principle that specifies the conditions where revenue is recognized or accounted for, and follows generally accepted accounting principles (GAAP).

Make Revenue Recognition Prep a Stepwise Process

Jul 21, 2015

New revenue recognition standards are fast approaching and companies everywhere need to begin shifting towards these new regulations now. This is a complex process that affects multiple levels of your organization and early preparation is the key. In order to be...

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Revenue Recognition Software – Good, Better, and Best

Dec 20, 2013

Mahatma Gandhi once said that “As human beings, our greatness lies not so much in being able to remake the world – that is the myth of the atomic age – as in being able to remake ourselves.” This is a profound statement on the ability of the human character to evolve...

SaaS Software Revenue Recognition Rules: Multiple Elements

Nov 13, 2013

Want better financial visibility? A free, 14-day trial of NetSuite can get you started on the path toward having a complete version of your financial truth Start your trial For the past two days, we have discussed some accounting perspectives that software companies...

SaaS Software Revenue Recognition Rules Part 2 – Upfront Fees

Nov 12, 2013

As we noted yesterday, many software companies are recognizing the value in the software as a service or SaaS business model. Some of the advantages of this model include steady and consistent cash flow, the ability to keep all customers on the same version, and the...