Revenue Recognition
Recent Activity
Simon Westbrook ( CFO, Aargo Inc.)
As a consulting company we bill and make a profit on our time but occasionally we incur expesnes related to a job, which we bill to the client. My questions are If the expenses are rebilled at cost should they be posted as an offset to the expense account, thereby...
Anonymous (Controller)
Anonymous (VP Finance)
Chris Sommerfield (Director of Finance)
I am interviewing for a SAAS company and it has been about 5 years since I was in that position. With all of the pronouncements coming out on software recognition, has there been any substantial changes to the basics, i.e. we would have a monthly subscription fee revenue (...
Anonymous (Marketing Coordinator)
This question was asked by an attendee at a recent Proformative Rev Rec webinar: There must be a lot of issues for non-accounting groups at the company when implementing EITF 08-1 and 09-3. What positive or negative feedback back have you seen from sales, marketing,...
Paul Shapiro (Consultant, Paul G. Shapiro, CPA)
My company recognizes revenue monthly on a recurring revenue basis. A customer is ending their contract early and buying out their remaining term (all in 2012) at a discount. Since no additional services will be provided, can I recognize all of the revenue in 2011?
Anonymous (Corporate Controller)
I work for a SAAS company that is going through a rapid growth period. We sell our product with Sales reps over the phone. Many of our customers (both big and small. new and old) ask us to make specific enhancements to the product. To the extent that we agree to make...
Jim McCloskey (Managing Partner, Catapult CFO Partners)
I see many startups using QuickBooks and QuickBooks Pro. The problems with these systems is that they do not have an audit trail. Historical changes can be made in any month, so a simple review of adjsuting entries is not possible. What is the next best...
Sunil Thukral (Technical Accounting/Reporting, Consultant)
I started this discussion on the linkedIN group, however, I also want to get a different perspective from you all. Please let me know your comments as to what do you expect changing as it relates to your business OR relating to some clients you service OR some of the...
Keith Perry (VP Finance (plus consulting on the side for fun), Rexanto)
Premise: I've been troubled for some time over the application of physical-world premises to virtual-world interactions. The E&Y article attached is a case in point; it is concise and informative as to the guidance, but does the guidance make sense? I'...
