Senior Revenue Accountant
honeycomb.io · United States
- Hybrid
- Full-time
- $128,000 / year
- United States
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Job highlights
- Join Honeycomb as a Senior Revenue Accountant.
- Ensure accuracy in revenue recognition processes.
- Review contracts and apply ASC 606.
- Manage invoicing and AR, support audits.
- Work remotely with a distributed team.
About the role
About Honeycomb
Honeycomb is defining observability and raising expectations of what developer tools can do. We’re working with well-known companies like HelloFresh, Slack, LaunchDarkly, and Vanguard. This is an exciting time in our trajectory, we’ve closed Series D funding, scaled past the 200-person mark, and were named to Forbes’ America’s Best Startups of 2022 and 2023! If you want to see what we’ve been up to, please check out these blog posts and Honeycomb.io press releases.Who We Are
We come for the impact, and stay for the culture! We’re a talented, opinionated, passionate, fiercely inclusive, and responsible group of bees. We have conviction and we strive to live our values every day. We want our people to do what they truly love amongst a team of highly talented (but humble) peers.How We Work
We are a fully distributed company, which means we believe it is not where you sit, but how you deliver that matters most. We invest in our people and care about how you orient to our culture and processes. At the same time, we imbue a lot of trust, autonomy, and accountability from Day 1.About The Role
Honeycomb is seeking a detail-oriented and analytical Senior Revenue Accountant to join our Finance team. The Senior Accountant will play a critical role in ensuring the accuracy and integrity of our revenue recognition processes. The ideal candidate will have a strong understanding of accounting principles, excellent communication skills, and a drive for continuous improvement and scalability.What You’ll Do In The Role
- Assist in monthly revenue accounting close activities by preparing journal entries and performing key account reconciliations, including those related to revenue, deferred revenue, and unbilled receivables.
- Assist in reviewing standard and non-standard contracts to determine the appropriate revenue recognition under U.S. GAAP, ensuring compliance with ASC 606.
- Prepare and document the annual standalone selling price (SSP) analysis and ensure monthly revenue allocations are applied consistently in accordance with SSP conclusions and ASC 606.
- Assist in the order-to-cash process, reviewing submitted sales orders in our accounting system for proper revenue recognition and compliance.
- Manage enterprise invoicing and prepare the weekly accounts receivable aging report, including proactive customer outreach for timely collection.
- Maintain customer billing portals and payment applications, addressing billing inquiries and resolving discrepancies.
- Ensure the accuracy and completeness of monthly data within Zuora Revenue, validating system data and reconciling revenue reports to the general ledger in compliance with ASC 606.
- Assist in drafting technical accounting memos supporting revenue conclusions (e.g., SSP analysis, contract modifications, variable consideration, principal vs. agent assessments).
- Work cross-functionally to drive automation efforts to streamline accounting operations related to revenue accounting and improve the quality of closes.
- Work directly with sales, customer success, revenue operations, and FP&A teams to obtain necessary data and reporting.
- Develop, maintain, and continuously improve internal process documentation for clarity, consistency, and operational efficiency.
- Act as the point of contact for all sales tax and VAT tax-related issues, including nexus research, registration, and taxability determination.
- Perform special technical projects, analysis, and ad hoc reporting.
- Play a key role throughout the company financial audit, preparing & reviewing revenue-related schedules for external auditors.
What You’ll Bring To The Role
- BS in Finance or Accounting
- 4+ years of relevant experience
- Expertise in GAAP, ASC 606 revenue recognition, and other authoritative guidance
- Demonstrated experience interpreting and applying ASC 606 to complex SaaS arrangements
- Experience with usage-based or consumption-based revenue models
- Experience developing and maintaining Revenue Recognition models and forecasts
- NetSuite or similar ERP system experience required
- Experience with contract review/order-to-cash process
- Proficiency in Google Sheets and Microsoft Excel
- Experience with international subsidiaries and consolidations
- Ability to work in a fast-paced environment and manage multiple tasks
- Strong time management and organizational skills
- Results-focused while meeting deadlines
- Strong communication and interpersonal skills
Pluses, But Not Required
- CPA with Big 4 experience
- Experience with Zuora, Avalara, Stripe, FloQast, and Salesforce
- Experience with revenue recognition automation
- Experience with audit preparation/readiness (e.g., memo preparation/research)
What You'll Get When You Join The Hive
- A stake in our success - generous equity with employee-friendly stock program
- Transparent pay based on experience levels
- Unlimited PTO
- A distributed-first mindset and culture
- Home office, co-working, and internet stipend
- Full benefits coverage for employees, with additional coverage for dependents
- Up to 16 weeks of paid parental leave
- Annual development allowance
Key skills/competency
- Senior Revenue Accountant
- Revenue Recognition
- US GAAP
- ASC 606
- SaaS
- NetSuite
- Order to Cash
- Contract Review
- Financial Audit
- Technical Accounting
Skills & topics
- Senior Revenue Accountant
- Revenue Recognition
- US GAAP
- ASC 606
- SaaS
- NetSuite
- Order to Cash
- Contract Review
- Financial Audit
- Technical Accounting
- Accounting
- Finance
- Remote
- Full-time
How to get hired
- Customize your resume: Highlight your experience with GAAP, ASC 606, SaaS revenue recognition, and ERP systems like NetSuite.
- Tailor your application: Emphasize your analytical skills, contract review experience, and ability to work in a fast-paced, distributed environment.
- Prepare for interviews: Be ready to discuss your experience with revenue recognition models, order-to-cash processes, and handling complex SaaS contracts.
- Showcase your initiative: Demonstrate your drive for continuous improvement and experience with automation in accounting operations.
Technical preparation
Master ASC 606 revenue recognition principles.,Practice complex SaaS contract analysis.,Become proficient with NetSuite or ERPs.,Prepare for technical accounting memo writing.
Behavioral questions
Describe a time you improved an accounting process.,How do you handle tight deadlines and multiple tasks?,Explain your experience working with cross-functional teams.,How do you ensure accuracy in your financial reporting?
Frequently asked questions
- What is the base salary range for a Senior Revenue Accountant at Honeycomb?
- The base salary range for a Senior Revenue Accountant at Honeycomb is $109,000 - $128,000 USD annually, depending on experience level. This is in addition to equity and other benefits.
- What are the key responsibilities of the Senior Revenue Accountant at Honeycomb?
- The Senior Revenue Accountant at Honeycomb will be responsible for monthly revenue close activities, reviewing contracts for ASC 606 compliance, preparing SSP analysis, managing invoicing and AR, and supporting financial audits. They will also drive automation efforts and work cross-functionally with sales and operations teams.
- What specific accounting standards are most important for this Senior Revenue Accountant role?
- Expertise in U.S. Generally Accepted Accounting Principles (GAAP) and specifically ASC 606 revenue recognition guidance is crucial for this role. Experience with complex SaaS arrangements and usage-based revenue models is also highly valued.
- What ERP systems does Honeycomb use for its accounting operations?
- Honeycomb requires experience with NetSuite or a similar ERP system. They also specifically mention Zuora Revenue for revenue management and highlight experience with other tools like Avalara, Stripe, FloQast, and Salesforce as beneficial.
- Is this a remote position, and what is Honeycomb's stance on remote work?
- Yes, Honeycomb is a fully distributed company, meaning this Senior Revenue Accountant role is remote. They emphasize that performance is based on delivery, not location, and invest in their remote employees with stipends for home offices and internet.
- What are the qualifications required for the Senior Revenue Accountant position at Honeycomb?
- A BS in Finance or Accounting, 4+ years of relevant experience, expertise in GAAP and ASC 606, experience with SaaS revenue recognition, ERP systems (like NetSuite), and strong Excel skills are required. Experience with usage-based models and contract review is also important.
- What benefits does Honeycomb offer to its employees?
- Honeycomb offers generous equity, transparent pay, unlimited PTO, a home office/internet stipend, full benefits coverage, up to 16 weeks of paid parental leave, and an annual development allowance.
- Does Honeycomb sponsor visas or support visa transfers for this role?
- No, Honeycomb explicitly states they cannot currently sponsor or support visa transfers for this role.
- What is the company culture like at Honeycomb?
- Honeycomb describes its culture as talented, opinionated, passionate, fiercely inclusive, and responsible. They foster a sense of impact and a collaborative environment where people can do what they love amongst humble peers.
- How does Honeycomb ensure fairness and inclusion in its hiring process?
- Honeycomb is committed to building a diverse, inclusive, and equitable workplace. They value nontraditional career journeys and diverse perspectives, and they are happy to provide reasonable accommodations throughout the hiring process if needed.