Revenue Recognition Insights

The role of the financial controller is undergoing a profound transformation, with advancements in technology, shifting business priorities, and a growing need for strategic involvement in decision-making. At the Argyle Financial Controller Leadership Forum held on November 19, 2024, a panel of industry experts from leading organizations shared their insights on how the role of […]

For public companies, revenue is the top line…and it has to be right! For private companies, revenue is becoming more and more scrutinized by investors and board members.

As the year comes to a close, financial controllers are looking back on lessons learned and preparing for what lies ahead. The responsibilities of financial controllers go beyond standard accounting processes and include a wide array of day-to-day financial activities, and these leaders will steer their organizations toward new growth. In this Argyle Financial Controller Leadership […]

One of the reasons modified contracts are so critical, despite being overlooked, is that they’re inextricably connected to revenue recognition. Contract modifications are examples of revenue recognition principles at work, as changes to an agreement could impact when or how revenue is calculated. They’re a major reason SaaS and other service-based companies fall into ASC compliance issues when neglected.

Frequently Asked Questions about RightRev’s Standalone Revenue Recognition Solution

The milestone method allows companies to recognize revenue when specific, predefined milestones are reached during a project (a revenue recognition event). These milestone events are typically tied to significant achievements, such as completing a project phase, meeting contract deliverables, or hitting performance targets.

In a recent fireside chat at a conference, industry leaders Jenn Meehan (CGO of Neocol), Jagan Reddy (CEO and Founder of Right Rev), and John Griffin (CRO and Co-Founder of M3ter) discussed the evolving landscape of consumption pricing and the operational challenges surrounding billing and revenue recognition. Here are some key insights from their conversation.

Now, modern software solutions have managed to automate even more complex tasks, alleviating accountants of pain-staking, highly manual processes so they can focus on strategic efforts that provide valuable guidance to the business. Plus, given the accounting shortage, automating cumbersome accounting tasks and processes can help retain accountants and allow them to concentrate on value-add tasks.

This guide explores the ins and outs of recognizing revenue in the construction industry so firms can navigate them successfully. By mastering revenue recognition, construction companies can avoid pitfalls, bolster their credibility with stakeholders, and achieve sustainable growth.

Epicor’s success story with RightRev demonstrates the power of innovative revenue recognition software in tackling the complexities of modern revenue management.

Cost recovery accounting is highly effective in industries where actual income is uncertain until secured—such as retail and sales. This guide delves into their purpose and function, provides implementation guidance, and explores a few prime examples of the cost recovery method in action.

In this guide, we dive into subscription revenue accounting to help you ensure accurate revenue recognition and sound financial health.