182 tagged with "Revenue Recognition"
Revenue recognition principles and accounting standards
Jewelry Store Bookkeeping: SKU-Level Costing, Memo Goods, Layaway, and Form 8300
A working playbook for independent jewelers covering per-piece SKU costing, lower-of-cost-or-market write-downs on metal price drops, memo and consignment inventory, ASC 606 repair and custom revenue, layaway deposit liabilities, and Form 8300 cash reporting without triggering structuring allegations.
Marina and Boat Slip Bookkeeping: ASC 606, Form 720, and MACRS Class Lives
A working chart of accounts and revenue-recognition playbook for marinas — straight-line seasonal slip revenue under ASC 606, point-in-time transient dockage, fuel-dock excise tax on Form 720, deposits held as liabilities, and 15-year MACRS treatment for floating docks.
Bookkeeping for Local and Long-Distance Moving Companies: Carriers, Brokers, Fuel Surcharges, and Driver Settlements
Build a chart of accounts that separates carrier revenue from broker pass-throughs, handles fuel surcharges and packing inventory correctly, and reconciles driver settlements against bills of lading — the bookkeeping discipline that protects margin in local and long-distance moving operations.
Optometry Practice Bookkeeping: Medical vs. Vision Billing, Inventory, and Practice-Value KPIs
Independent optometry practices earn from five distinct profit centers — routine vision plans, medical insurance, frames, lenses, and contact lenses — each with different margins and billing pathways. This guide shows how to build a chart of accounts that separates VSP/EyeMed routine revenue from medical billing, capitalize frame inventory, treat contact lens supplies as deferred revenue under ASC 606, and surface the KPIs (revenue per exam, optical capture rate, normalized EBITDA) that lenders and acquirers ask about.
Pet Boarding, Daycare, and Grooming Bookkeeping: Run-Night Revenue, Add-On Allocation, and Gingr/PetExec Reconciliation
Pet boarding, daycare, and grooming operators run three businesses under one roof — services earned over time, retail earned at sale, and pass-throughs that are never revenue. This guide builds a chart of accounts that separates service lines, recognizes boarding revenue per run-night through a deferred-revenue liability, allocates add-ons to the service that produced them, and reconciles Gingr or PetExec daily summaries to the bank deposit by isolating processor fees, tips payable, deposits, and refunds.
Recording Studio Bookkeeping: Session Pricing, Royalty Splits, and Section 179 on Pro Tools Rigs
How commercial recording studios should book session vs. project revenue under ASC 606, classify engineers and producers across W-2, 1099-NEC, and 1099-MISC Box 2, treat client retainers as liabilities, separate producer points from mechanical royalties, and decide between Section 179 and MACRS on studio gear.
Section 685 Qualified Funeral Trusts: Making the QFT Election, Form 1041-QFT, and Reconciling State Pre-Need Rules
How funeral homes, cemeteries, and memorial providers use the IRC Section 685 election on Form 1041-QFT to tax pre-need trust income at per-contract individual brackets — and how to reconcile state pre-need rules, deferred revenue, and restricted trust assets on the operator's books.
Solar Installation Contractor Accounting: Customer Deposits, RECs, PPAs, and Passing Through the Section 48 ITC Without Triggering Recapture
A solar installer's bookkeeping playbook — customer deposits under ASC 606, REC inventory, PPA classification under ASC 842, the 50% basis reduction on the Section 48 ITC, Section 6418 transferability mechanics, and the five-year recapture clock that survives a sale of the business.
Travel Agency Revenue Recognition: ASC 606 Principal vs. Agent, ARC Settlement, and 1099-NEC Guide
Two travel agencies can book the same $10,000 trip and report revenue ten times apart under ASC 606. A practical walkthrough of the principal-versus-agent control test, departure-date timing, ARC settlement flows, host agency commission splits, and 1099-NEC reporting thresholds.
Bookkeeping for Interior Designers: Retainers, Markup, and the Hidden Math That Keeps Your P&L Honest
Interior design firms run four revenue streams through one chart of accounts and end up paying tax on phantom profits. Treat retainers as a liability, run products through revenue and COGS together, book vendor cost as COGS (never list price), and reconcile every PO before close.
Consignment Accounting: Who Owns the Goods, and Who Books the Sale
In a consignment arrangement the consignor owns the goods and reports the full retail sale plus the commission expense; the consignee is an agent and books only its commission as revenue. Goods stay on the consignor's balance sheet until the end customer buys them.
SaaS Revenue Metrics: Building the MRR Waterfall and Reading What It Says About Growth
A 2026 reference for SaaS founders on calculating MRR and ARR, decomposing the five-bucket recurring-revenue waterfall, interpreting NRR/GRR, and reconciling subscription metrics to GAAP revenue under ASC 606.