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Author: Ashley Tolfo

How a good billing system can transform a SaaS business

How good billing software can transform a SaaS business

As a Software as a Service (SaaS) company grows, its billing software is often playing catchup. Many early-stage SaaS companies rely on simple billing systems – such as spreadsheets –
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What to Know about Stand-Alone Selling Price for SaaS Companies

What to know about Standalone Selling Price for SaaS Companies

The ASC 606 / IFRS 15 revenue recognition standard can be complicated for technology companies, especially for those with Software as a Service (SaaS) offerings. The business model of SaaS
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Consumption billing can force SaaS companies to conform to the variable consideration guidance in ASC 606

Consumption billing can force SaaS companies to conform to the variable consideration guidance in ASC 606

Consumption, or usage-based, billing models charge customers based on the quantity or usage of a product or service. The model has become increasingly popular in the SaaS business environment, where
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Subscription providers should be ready for the FTC’s Click to Cancel Provision

Subscription providers should be ready for the FTC’s Click to Cancel Provision

Businesses offering subscription-based goods and services should be paying close attention to the FTC’s proposed Click to Cancel rule that would make it easier for customers to cancel subscriptions. The
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Where are the Auditors

Where are the Auditors: ASC 606 and Recognizing Subscription Billing Revenue

Since ASC 606 and IFRS 15 have taken effect, auditors, particularly in the private sector, have had a soft touch in enforcing some of the most complex portions of the
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IoT, Billing, and Revenue Recognition

IoT, Subscription Billing, and Revenue Recognition

The Internet of Things (IoT) continues its exponential growth, with IoT Analytics estimating that the global number of connected IoT devices will grow by 16% this year, to 16.7 billion
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How to Manage the Contract Renewal Process

How to Manage the Contract Renewal Process

Accurately tracking the revenue stream throughout the contract renewal process is a prominent struggle for companies large and small. Without easy access to the appropriate data to understand new revenue,
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Understanding Variable Consideration Accounting and the Time Value of Money

ASC 606 Variable Consideration Accounting and the Time Value of Money

With the new revenue recognition standards upon us and adoption for public entities right around the corner, we’re finding that two aspects are tripping our clients and prospects up more
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Question When Should Revenue Be Recognized

Question: When Should Revenue Be Recognized?

Answer: When it’s not collectible (maybe). Historically it was always somewhat of a simple process to determine what was the amount of your company’s revenue. It was the top line
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The 5 Steps of Internal Controls for Revenue Recognition Standards

The 5 Steps of Internal Controls for Revenue Recognition Standards

Update: This blog post was written before the ASC 606 and IFRS 15 guidance was required to be applied in December 2018. The company Golden Bear Golf Inc. is named
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