ASC 606 revenue recognition

Each revenue entry traces back to its contract line

Performance obligations are proposed from the contract for your review, then the schedule runs without a spreadsheet.

Licence, services and support, each recognised its own way

Verlix recognises the licence and support ratably, implementation on delivery and training as each session is held.

Schedules and journal entries

Each obligation is recognised on its own method, month by month, with no workbook to rebuild.

Twenty-eight journal lines over the year, each one traceable to its contract line.

Deferred revenue

Buckram Scree Inc is billed once in advance and recognised over 12 months; the gap is the deferred balance.

Cumulative, 2026 · Buckram Scree Inc

MSA-4471 · billed yearly in advance

No period-end adjustment is needed to find it.

Remaining revenue

Read backwards, the schedule gives the disclosure: $278,000 left at the end of Q1, nothing at Q4.

Still to recognise at each quarter end · Buckram Scree Inc

Remaining performance obligation · ASC 606

Q4 reads zero because the contract ends there.

Contract modifications

A $90,000 July module lifts Trunnion Sateen Inc's last 6 months to $40,000 each. Nothing already reported is restated.

Remaining obligation, re-allocated · Trunnion Sateen Inc

Prospective, from month 7

Verlix proposes the prospective treatment, and your controller confirms it.

Included with Growth and above.See pricing Book demo