Revenue Recognition
ASC 606 compliant revenue schedules
ASC 606 Compliant
Deferred Revenue
$57,910
Current balance
Recognized YTD
$20,918
Year to date
Total Contract Value
$78,828
Under management
Active Schedules
2
Recognition schedules
Overall Recognition Progress
Recognized27%
$20,918 recognized$57,910 deferred
| Customer / Contract | Total Revenue | Recognized | Deferred | Next Recognition | Status |
|---|---|---|---|---|---|
Acme Corp CNT-2025-001 | $59,988 | $9,998 17% | $49,990 | 2026-03-01 $4,999 | active |
TechStart Inc CNT-2025-042 | $11,880 | $3,960 33% | $7,920 | 2026-03-01 $990 | active |
Revenue Recognition Context & Integration
Accounting & General Ledger
Automatic journal entries for revenue recognition and deferred revenue. GL account mapping and posting.
Accounts Receivable
Invoice data initiates revenue recognition. Links billing events to recognition schedules.
Subscription Contracts
Contract terms drive recognition schedules. Performance obligations and milestone tracking.
Reports & Forecasting
Revenue forecasts, ASC 606 compliance reports, deferred revenue waterfall, and financial statements.
ASC 606 Compliance Features
✓ 5-step revenue recognition framework
✓ Performance obligation tracking
✓ Standalone selling price allocation
✓ Variable consideration estimates
✓ Contract modification handling
✓ Deferred revenue automation
✓ Financial statement disclosures
✓ Comprehensive audit trail