The Subscription Business Model and Revenue Recognition - A Working Guide with Examples!

This guide explains how a subscription business differs from a typical business and how this impacts revenue recognition. Guide covers: -Subscription business model - What it is, what are the benefits, why it is different -ASC 606 - The 5-Step process that guides how revenue is recognized -Common revenue terms for subscription businesses (Bookings, Billings, Earned Revenue, Deferred Revenue, Unbilled Revenue) -How to recognize revenue under different scenarios

Navigating the Waters of Acquisition: The Critical Role of Deferred Revenue in Your SaaS Company’s Valuation

At its most basic, deferred revenue is cash received from customers for services to be delivered in the future. In accounting terms, it's a liability, not an asset. This is because it represents a future obligation on your part to deliver value to the customer. For SaaS companies, where subscription models are king, deferred revenue is a common line item.

Product Update: Contract Auto-Renewals Are Now Live!

Revenue errors and missed invoices are now a thing of the past. Let TrueRev do the work renewing your contracts.

Unlocking Efficiency: The Case for Automating Revenue Recognition in B2B SaaS

Accountants, controllers and CFOs are often asked to articulate the value of financial analysis tools to others in leadership. The simple answer is: costs drop, accuracy rises.

Counting the Costs: How Financial Data Silos Undermine B2B Success

In any enterprise B2B (business-to-business) company, data silos can become a deadly problem for calculating accurate recurring revenue.

ZenFinancials Selects TrueRev to Turbocharge Revenue Recognition for B2B SaaS Clients

ZenFinancials Clients Can Now Easily Maintain ASC 606-Compliant Revenue

Latest Updates: More Power and Simplicity

We've added exciting new features, reporting and control into TrueRev.

Case Study: ZenFinancials

If you’re tired of creating your revenue recognition schedules manually in Excel, you don’t have to abandon Quickbooks and spend tens of thousands of dollars a year for Maxio.

Deliver Accurate Financials to Key Stakeholders with 100% Confidence

You need to deliver accurate financial metrics with speed every month to managers, investors, and other stakeholders. Is this being done manually and reworked due to errors or other issues bogging you down?

What is Customer Lifetime Value and How Do You Improve It?

Customer Lifetime Value (CLTV) or (CLV) measures the value a customer brings to your business during their lifetime of using your product or service.

Understanding When to Record Revenue

ASC 606 outlines a 5-step process that businesses should follow to accurately recognize revenue. The entire process relies on satisfying contractual obligations.

Managing Your SaaS Revenue Recognition: Where QuickBooks Falls Short

While QuickBooks is known for its user-friendliness and affordability, it’s not built to handle complex revenue recognition processes.

Real-time SaaS Financial Reporting for Fundraising with Mike Lemberg, CFO Aurora Payments

Mike Lemberg, former CFO of Partnerize, discusses a transition from a commission-based model to a SaaS model, implementing pricing tiers based on transaction volume using historical data and the challenges they faced in reporting during fundraising, including the need for accurate pipeline metrics and the importance of point-in-time reporting.

What's the Difference Between Revenue and Deferred Revenue?

When is the money our company is earning really “our money”? This is a common and tricky financial question for B2B Saas companies and their founders today, particularly with advanced reporting standards such as ASC 606.

FinOps and Accounting in Excel and Alternatives for Subscription Revenue Management

Is Excel still your go-to tool for B2B SaaS financial accounting? There are serious limitations in using Excel for accounting tasks! Let's explore alternative solutions you’ll love.

Mastering Contracts: Essential Data Points for B2B SaaS Controllers

Is your contract management system (or lack thereof) driving the controller bananas at your B2B SaaS company? B2B SaaS controllers are using software to track vital contract details.

Billings, Bookings and Backlog: What’s the Difference?

Every SaaS company has three distinct phases in its revenue lifecycle: billings, bookings and backlog. They are closely related, but profoundly different.

More ways to see revenue... your way

When your team needs financial SaaS metrics, they should get them their way instantly!

Moving Beyond Excel for SaaS Revenue Recognition

Excel has long been the industry standard for complex manual calculations. However, this power and complexity brings big challenges for fast-growing SaaS companies.

Automating Revenue Recognition to Benefit from 84% in Monthly Time Savings!

SMBs can save a lot of time in fixing erroneous spreadsheets, restatements, speeding up month-end close, and journal entry syncing by automating revenue recognition.