ASC-606 and IFRS-15, the standards currently mandated in the US and Europe, states that revenue should be recognized only when performance obligations are met. For a subscription business, this can get challenging when you account for mid-cycle upgrades, downgrades, cancellations, and the refunds or discounts attributed to it.
When done right, revenue recognition in accordance with ASC-606 and IFRS-15 can help you improve revenue predictability, and converge on your true valuation.
Chargebee + RevLock technical documentation here→
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.chargebee.com/integrations/revlock/
- a
- Account
- and
- ARE
- automate
- BE
- business
- CAN
- Can Get
- challenging
- Chargebee
- compliant
- converge
- Currently
- discounts
- documentation
- Europe
- For
- get
- help
- HTML
- HTTPS
- improve
- in
- IT
- obligations
- on
- performance
- plato
- Plato Data Intelligence
- PlatoData
- recognition
- recognized
- refunds
- revenue
- should
- standards
- States
- subscription
- Technical
- that
- The
- to
- upgrades
- us
- Valuation
- with
- Your
- zephyrnet