With the Financial Accounting Standards Board’s (FASB’s) newly released Accounting Standards Update (ASC 606), changes are coming that impact your commission expense accounting process. Xactly can help you create an actionable plan for managing these changes and automate the tracking and monitoring of commissions data needed for GAAP-compliance.
We’ve also pulled together resources to keep you informed, and help you prepare for the effect of the new requirements.
Managing sales commissions under the new Revenue Recognition Standard
How the new requirements for accounting will impact how companies manage commissions in the future.
In our previous webinar, about 82 percent of viewers indicated they anticipated having to change their data. Here are our 7 steps to approaching the challenge.
With the Revenue Recognition Standard, we’re facing one of the biggest changes in accounting standards in U.S. history.
The “before and after” requirements for commission processes under the new Revenue Recognition standard are vastly different.
Keeping up with regulatory changes is always a top priority for the office of the CFO. These issues have taken on even greater importance this year…
The new Revenue Recognition Standard goes into effect at the end of this year for public companies and the end of next year for private companies.