Audit Readiness

Discover how NCG Ventures helps portfolio companies achieve audit readiness through revenue recognition and financial statement preparation.

Financial Integrity and Audit Readiness

NCG Ventures provides comprehensive support to ensure our portfolio companies are audit-ready, with a particular focus on Revenue Recognition and Financial Statement Preparation. We believe that establishing robust financial practices early on contributes to long-term credibility and growth.

Revenue Recognition

  • Accurate Revenue Tracking
    We provide hands-on support in setting up systems and processes for accurate revenue tracking. This includes aligning recognition criteria with GAAP or IFRS standards, ensuring that revenue is recognized when it is earned and realizable. This is crucial for building trust with stakeholders and potential investors.

  • Subscription and DeFi Revenue Models
    Many of our portfolio companies operate with innovative business models, such as subscription services or decentralized finance (DeFi) yield generation. We assist in mapping these unique revenue streams to standard accounting practices, ensuring that the complex revenue recognition associated with Web3 projects is handled correctly.

  • Deferred Revenue and Contract Liabilities
    Proper handling of deferred revenue and contract liabilities is vital for accurate financial reporting. We help our portfolio companies establish processes for managing deferred revenue, particularly when delivering on multi-year contracts or future obligations, which is common in the blockchain and SaaS space.

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