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Accounting, Consumption, Revenue Recognition
Revenue Recognition in the AI Era: Critical Lessons for Modern Businesses
The world of revenue recognition is undergoing a dramatic transformation. As businesses increasingly adopt AI-driven pricing models, consumption-based billing, and complex hybrid arrangements, traditional approaches to revenue recognition are being stretched to their limits.
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Consumption, Revenue Recognition
Mastering Revenue Recognition for Usage Based Billing
In this episode, LogiSense‘s Tim Neil sits down with RightRev CEO, Jagan Reddy, to explore the evolving world of revenue recognition in the age of usage-based and AI-driven pricing models. Discover key lessons from building scalable revenue platforms, learn how to manage hybrid contracts, overages, and rollovers, and understand why accurate forecasting is now mission-critical […]
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Accounting, Revenue Methods, Revenue Recognition
What Are Revenue Practical Expedients?
Before overhauling your revenue recognition and other accounting processes, it’s crucial to understand the different types of practical expedients, which ones organizations should use, and what technologies will help finance teams make the most of them.
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Accounting
The Month-End Close Crunch: Why It Still Hurts and How to Fix It
We recently asked senior finance leaders what actually slows them down during close, how confident they feel about the process, and what they’d do with that time if close was easier and faster.
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Accounting
How Do You Book a Revenue Recognition Journal Entry Under ASC 606?
A journal entry for revenue recognition is the official line in the general ledger where revenue shifts from “deferred” to “recognized.” However, under ASC 606, this isn’t just an accounting formality—it’s a compliance-critical milestone that directly impacts audit readiness, financial health, and executive reporting.
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News
Letter from the CEO: Announcing our $13M Series A
Today, the momentum to achieve that goal is accelerating as we close almost $13 million in Series A funding, bringing our total funding to over $31 million.
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Accounting, Revenue Recognition
The Impact of Tariffs on ASC 606: What Businesses Need to Know Regarding Revenue Recognition
Controversial as they may be, tariffs have long been a tool for governments to generate revenue and protect domestic industries. However, their recent reintroduction is rippling through both private and public companies’ financial reporting, particularly under ASC 606.
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Accounting, Revenue Recognition
The Features That Make RightRev an Advanced Revenue Recognition Software Solution
Started by a pioneer in the revenue recognition automation space, RightRev is built on decades of revenue accounting experience. We’ve taken all of the learnings from building our first revenue solution, RevPro, and used that knowledge to build a truly, next-gen revenue recognition subledger.
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Accounting, Revenue Recognition
Revenue Recognition Use Case for SaaS Companies [Use Case Specific]
SaaS companies are becoming more creative in their contract structures, offering bundled services and discounts, experiencing frequent contract modifications, and utilizing event-based revenue recognition.
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Accounting
Top Reasons for Material Weakness in Revenue Recognition
In 2023, 41 SEC enforcement actions involved material weaknesses or revenue misstatements—the highest in recent years. Additionally, 58% of IPOs reported material weaknesses in their initial filings, underscoring systemic issues in financial reporting.
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Revenue Recognition
Building Scalability with a Revenue Reporting System for Complex Business Models
In certain ways, revenue reporting systems function similarly to revenue recognition solutions. They both track revenue to its source, aim to post it to the right account in the general ledger, and are essential to support your company’s financial performance.
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Accounting
Understanding Audit Procedures for Revenue Recognition
Revenue recognition audits are some of the most stressful parts of accounting, especially when juggling multi-element contracts, variable consideration, and contract terms that seem to change overnight.
Revenue Recognition Insights
Your Source for Revenue Recognition Knowledge