ASC 606

    ASC 606 Revenue Recognition Consulting

    Revenue recognition is the single most scrutinized line in your financials. We make sure it holds—under audit and under diligence.

    ASC 606 was supposed to standardize revenue recognition. In practice, it created a minefield—especially for PE-backed companies with complex contracts, bundled deliverables, and multi-element arrangements. Most finance teams handle it one of two ways: they over-simplify and get flagged in audit, or they over-engineer and create a manual process that collapses under scale. Neither works at PE pace.

    Two Ways In

    If you're not sure where you stand

    The Verzia Diagnostic includes an ASC 606 compliance review as one of its six assessment dimensions. We evaluate your current methodology, identify gaps, and quantify the risk—before your auditors do.

    If you know what needs to be built

    Transformation Architecture includes ERP configuration for revenue recognition—NetSuite ARM, custom revenue schedules, multi-book setups. We design and configure the system so recognition happens correctly at the transaction level. Every contract. Every period. Without manual adjustment.

    Industry-Specific Depth

    SaaS and subscription

    Bundled implementations, tiered pricing, usage-based models, renewal options that create material rights. We've configured ASC 606 for every common SaaS arrangement.

    GovTech and government contracting

    Contract modifications, option years, funded vs. unfunded periods. Government contracts have recognition patterns most consultants haven't seen.

    Telecom

    Equipment bundles, service credits, multi-year arrangements with escalating rates. We built revenue recognition frameworks before ASC 606 existed—we understand the standard's lineage.

    Why This Matters for PE

    Revenue recognition errors show up in due diligence. They delay exits. They reduce purchase price. And they create post-close indemnification risk nobody wants to carry. Getting ASC 606 right isn't a compliance exercise. It's value protection.

    How We Work

    Diagnose → Architect → Advise

    Every engagement follows a lifecycle designed for PE timelines. Most clients enter at the Diagnostic. Some come to us mid-hold with a specific architecture need. A few stay for ongoing advisory through exit.