Accounting for sales commissions under ASC 606 (IFRS 15) is more complex than originally anticipated. Managing the process on spreadsheets is difficult to maintain, doesn’t provide a secure audit trail, and is prone to errors.
In this webinar, two companies—SPS Commerce and Rapid7—shared how they’ve been able to successfully automate the commission accounting process and achieve compliance under ASC 606. They also provided best practices and advice on how to:
- Capture and track commissions data at the right level of detail
- Automate contract adjustments due to customer churn and employee turnover
- Ensure auditability and streamline reporting
Watch the on-demand session to ensure that you are on the best path to manage these costs under ASC 606 and lower your organization’s regulatory risk.