Skip to content

Revenue recognition

Also called Rev rec · ASC 606 / IFRS 15

TL;DRRecording revenue when the service is delivered, not when the invoice is sent or the cash arrives.

A year billed in January is not a year earned in January. Recognition spreads each invoice line across the period it covers — or posts it at a point in time when the obligation is met on a date, like a shipment.

Sonic posts from the invoices you already sent, on one ledger per line, and never certifies compliance for you. The waterfall is the story; the journal is the books.

Where it happens in Sonic

← Back to the glossary

Next

See it on your contracts

A walkthrough on the agreements and files you actually bill from — not a slide deck.