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SaaS Metrics Refresher #7: Revenue Recognition

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Recognized Revenue — commonly referred to as just “revenue” and reflected in the income statement. Payments that fulfill five criteria (see below) can be considered recognized revenue. Why is revenue recognition important? The bottom line here is that compliance with the above standards is not optional.

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The complete guide to SaaS revenue recognition with ASC 606

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There are a set of rules and guidelines focused around how businesses calculate and recognize revenue, and if you report earnings to investors or other business stakeholders, they’ll want to see this. Revenue recognition is a critical piece of accounting for any business, and compliance with official standards is not optional !

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How We Run Finance & Operations with Two People at ChartMogul

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Since then I’ve been in charge of fast and accurate reporting, regulatory compliance, and all the other small things that make sure everyone else can do their job. With all our revenue data captured in ChartMogul , the data it holds is the foundation for many of the reports our team produces regularly and on an ad-hoc basis.