The New ASC 606 and IFRS 15 New Revenue Recognition Standards
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The new ASC 606 and IFRS 15 accounting standards—some of the most far-reaching changes to accounting since Sarbanes-Oxley—are here and you need to be compliant. Complex revenue recognition changes can be disruptive, especially if your business relies on subscription-based revenue. The rules have changed, and you need to know how to respond. We can help.
Are you ready…
- To revamp your practices for allocating commissions, expenses and revenues?
- To deliver a clear picture of the impact on your metrics?
- To integrate with Salesforce.com for one revenue workflow?
- To manage this large-scale transition while minimizing disruption to your business and your bottom line?
With Sage Intacct Contract Revenue Management and Contract and Subscription Billing, you’ll be ready to comply with the new revenue recognition guidelines and able to automatically streamline your accounting practices for allocating expenses and revenues. Best of all, you can manage this critical transition without disrupting your business.