Revenue Compliance

9 articles

1. 01

   Revenue Recognition Rules Overview

   Revenue recognition is a fundamental accounting principle that determines when to record revenue in your financial statements.

2. 02

   Configuring Releases: Depreciation, Prepayments, Deferred Revenue

   Accounting releases control how and when transactions are recognised in your ledger.

3. 03

   Accruals, Prepayments, Deferred Revenue, and Depreciation

   Understanding the distinction between accruals, prepayments, deferred revenue, and depreciation is essential for accurate financial reporting.

4. 04

   Multi-Currency Revenue Recognition

   Multinational companies must handle revenue recognition across different currencies and tax regimes.

5. 05

   ARR Tracking and Reporting

   > **What's this page about:** ARR tracking in Light calculates and reports Annual Recurring Revenue automatically from your subscription contracts, covering the formula, how upgrades and churn move the number, the SaaS Metrics dashboard, and how ARR differs from revenue recognised under GAAP.

6. 06

   E-Invoicing Compliance (Peppol)

   E-invoicing is the digital exchange of invoices between businesses and government authorities.

7. 07

   Tax Compliance — HMRC (UK) and VAT

   Value Added Tax (VAT) is a consumption tax applied at each stage of production and distribution in the UK and EU.

8. 08

   Tax Compliance — AvaTax (US)

   Sales tax in the United States is complex, with over 10,000 taxing jurisdictions (states, counties, cities) each with different rates, rules, and

9. 09

   Audit-Ready Record Keeping

   Audit readiness is the practice of maintaining financial records in a format that external auditors and tax authorities can easily review and verify.