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Do your products fall under software revenue recognition guidance?

Today, many products – including toys, aircraft, cellphones, Internet routers, copiers, medical devices, all-in-one printers and other products — incorporate software. As the prevalence of products with embedded software has grown, questions have arisen more frequently about whether vendors of these products should be accounting for them as sales of software or sales of tangible products.

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ASC 606 Revenue Recognition Checklist

Do you know the five steps of ASC 606 and the impact of them on your revenue? The SOFTRAX ASC 606 Checklist can help.