When revenue is complicated, getting it wrong is expensive.
Contracts, progress billing, deposits, subscriptions — revenue that is billed isn’t always earned. We find and fix revenue recognition problems before your auditor, lender or buyer does.
- Percentage-of-completion (ASPE 3400)
- US GAAP revenue recognition (ASC 606)
- Deferred & subscription revenue
- Contract, progress & milestone billing
- Work-in-progress & customer deposits
Does this sound familiar?
Revenue recognition problems rarely announce themselves. They show up as small adjustments, slow year-ends and numbers nobody quite trusts.
- Your auditor keeps proposing revenue adjustments
- Deferred revenue or WIP balances don’t reconcile
- Your billing system and your financial statements tell different stories
- Margins jump from month to month without a clear reason
- A lender, investor or buyer is asking questions you can’t answer yet
- Year-end drags on for months
From the first question to audit sign-off.
Four steps. No surprises.
We work alongside your bookkeeper, accountant and external auditor — never around them.
- 01Diagnose
Review contracts, billing and past statements to find where recognition goes wrong.
- 02Quantify
Measure the impact period by period, so you know the real numbers.
- 03Agree & correct
Agree the approach with your external auditor and make the correction properly.
- 04Prevent
Fix system settings and processes so it doesn’t happen again.
What is revenue recognition, and why does my auditor care?
Revenue recognition decides in which period revenue is recorded: when it is earned, not when it is billed or paid. It drives reported profit, so auditors test it closely. Errors can lead to adjustments, restated results and a longer, more expensive audit.
What is percentage-of-completion accounting under ASPE 3400?
ASPE Section 3400 lets businesses with long contracts recognize revenue as the work progresses, often measured by costs incurred compared with total estimated costs. The US equivalent is recognizing revenue over time under ASC 606. Both only work with reliable cost estimates and an up-to-date work-in-progress (WIP) schedule.
Do you work with US GAAP (ASC 606)?
Yes. We work with Canadian ASPE and US GAAP, including ASC 606, which matters for cross-border businesses and US subsidiaries.
Do you replace our accountant or auditor?
No. We work alongside your bookkeeper and accountant and prepare the analysis and support your auditor needs. The audit itself stays with your independent auditor.
When should we start?
Ideally a few months before year-end or before audit fieldwork begins, so problems can be fixed before the auditor finds them. If fieldwork has already started, we can still help you respond to findings.
Talk about your audit before fieldwork starts.
A 20-minute Right-Fit Call. No pitch, no pressure — just a clear look at where your revenue numbers stand.