by Steven Chapman | Oct 6, 2015 | Cloud Accounting, Cloud Computing, Cloud ERP, Revenue Recognition, Software Publishers & SaaS
In the last article, we discussed what kind of accounting changes are happening relative to revenue recognition and introduced a new term: performance obligations. We also discussed how performance obligations are something new and for a number of industries will not...
by Steven Chapman | Sep 22, 2015 | ASC606, Cloud Accounting, Cloud ERP, Professional Services, Project Accounting, Revenue Recognition, Software Publishers & SaaS
As we discussed in the previous article on September 8th, the way in which revenue is recognized will change substantially by 1/2017. So, how is revenue recognition changing? The new process for recognizing revenue is as follows: Identify the contract with the...
by Steven Chapman | Sep 8, 2015 | ASC606, Cloud Accounting, Cloud ERP, Project Accounting, Revenue Recognition, Subscription
The way in which revenue is recognized will be significantly changing at the end of 2016. This impacts all industries, but will have significant impactful to telecom, technology, and professional services companies. Before we get into the details of how revenue...
