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Strengthening Revenue Accounting During IPO Readiness

Strengthening Revenue Accounting During IPO Readiness

A high-growth company engaged SolomonEdwards to add experienced ASC 606 expertise, support day-to-day and complex revenue accounting needs, and provide flexible capacity during its S-1 process.

Challenge

Our client needed an experienced revenue accounting consultant who could make an immediate impact, supporting both day-to-day operations and complex ASC 606 matters. with minimal ramp-up. Concurrently, the company was navigating its S-1 process, increasing reporting requirements, while scaling for hyper-growth.

Solution

SolomonEdwards provided an experienced revenue accounting consultant who integrated quickly with the internal team and supported both technical accounting and cross-functional requirements.

Our consultant:

  • Performed contract reviews, journal entries, reconciliations and other recurring revenue accounting activities.
  • Supported complex ASC 606 matters, including revenue memos and standalone selling price (SSP) analysis and maintenance.
  • Partnered with deal desk, order management, legal, sales, IT, offshore resources, auditors and external consultants.
  • Supported revenue-related requests associated with the company’s S-1 process.
  • Applied strong systems experience and a willingness to adopt emerging technology, including AI tools, to improve execution.

Outcome

The additional expertise and capacity strengthened the company’s revenue accounting function, providing experienced support across both routine and complex accounting matters while creating additional capacity for planning and deal structuring.

Our consultant continued to provide value across successive engagement periods, offering flexible revenue accounting support as the company’s needs evolved and accounting complexity increased throughout the S-1 and IPO-readiness process.

Industry

  • Technology
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Deployment

  • Team (6/10)

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