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Fundamentals in Software Revenue Recognition

Determining the right accounting literature to apply is not always as easy as it may seem. Software revenue recognition is complex – it often differs from customer to customer and sometimes even for the same deliverable. As a result, it is critical that there is an understanding of the terms for each arrangement.

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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.