The Accounting Standards Codification (ASC) 606 revenue recognition requirements made compliance significantly more complicated for subscription businesses when compared to the previous generally accepted accounting principles (GAAP). But don’t get discouraged—there are a few different ways you can simplify your subscription-based revenue recognition while complying with the ASC 606 guidelines.
Before we get into the simplification tips, however, let’s quickly review what ASC 606 actually is and how it affects revenue recognition models for SaaS subscription businesses.
source https://blog.fusebill.com/simplify-asc-606-compliance-for-subscription-businesses
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