What are the responsibilities and job description for the Sr Revenue & GL Accountant (SaaS) position at Lightspeed DMS?
Job Description
Job Description
Company Overview :
Lightspeed is a leading provider of cloud-based software for dealerships and Original Equipment Manufacturers (OEMs), serving the Powersport, Marine, RV, Trailer, Outdoor Power Equipment, and Golf Cart industries. Lightspeed's Dealer Management Solution (DMS) enables dealerships to optimize their end-to-end business operations, including sales, parts, service, rentals, accounting, and Customer Relationship Management (CRM). When implemented into their daily operations, Lightspeed helps dealers increase their profitability by selling more units, service, and parts, all while creating a more streamlined experience for customers. For nearly 40 years, Lightspeed has been empowering 4,500 dealers across North America with the tools and technology they need to manage their dealerships.
The Senior Revenue & GL Accountant (SaaS) position is a key role that has responsibility for managing several key business areas. The primary objective of this individual is to own, develop and manage timely and accurate revenue accounting for the business. This role is expected to spend 75% focused on revenue recognition and accounting with up to 25% supporting other GL related accounting as required. This role reports to the Director of Accounting / Controller.
What you'll do :
- Review customer contracts to determine proper revenue recognition timing and treatment based on ASC 606 guidelines.
- Calculate and record monthly recurring revenue (MRR), subscription fees, usage-based fees, and other revenue streams.
- Manage deferred revenue schedules and accurately recognize revenue over the contract term.
- Perform month-end close activities including revenue accruals and reconciliations.
- Analyze complex contracts with non-standard terms to ensure accurate revenue recognition.
- Identify potential revenue risks and opportunities related to contract terms and billing arrangements.
- Collaborate with sales and legal teams to address contract-related accounting issues.
- Implement and maintain accounting systems (e.g., NetSuite, Salesforce) to accurately track revenue data.
- Develop and document revenue recognition policies and procedures to ensure compliance.
- Identify opportunities to automate revenue processes and improve efficiency.
- Partner with sales teams to understand new product offerings and their impact on revenue recognition.
- Work with the billing team to ensure accurate invoicing and timely revenue collection.
- Collaborate with customer success to address customer inquiries related to billing and contract terms.
- Prepare supporting documentation for internal and external audits related to revenue recognition.
- Respond to auditor requests and address any identified issues.
- Support other non-revenue related GL related close activities as needed.
What you'll have :
Inclusion and Diversity at Lightspeed :
At Lightspeed, we celebrate the uniqueness of every individual and encourage diverse perspectives. We believe that inclusion drives innovation and fosters meaningful connections. We are committed to building an environment where everyone feels valued and empowered to make an impact.
Equal Employment Opportunity Statement :
Lightspeed is an Equal Opportunity Employer and is dedicated to building a diverse and inclusive workforce. All qualified applicants will be considered for employment without regard to race, color, creed, ancestry, national origin, gender, sexual orientation, gender identity, gender expression, marital status, religion, age, disability, veteran status, or any other protected category.
Important Note :
Applicants must be authorized to work in the U.S.
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