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Tag: ASC 606 compliance

Are Consumption Billing and Usage-based Billing the Same

Are Consumption Billing and Usage-based Billing the Same?

Billing models that allow customers to pay for a product, service, or offering they use – versus a standard monthly or yearly fee – have become popular with an increase
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Where are the Auditors

Where are the Auditors: ASC 606 and Recognizing Subscription Billing Revenue

Since ASC 606 and IFRS 15 have taken effect, auditors, particularly in the private sector, have had a soft touch in enforcing some of the most complex portions of the
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IoT, Billing, and Revenue Recognition

IoT, Subscription Billing, and Revenue Recognition

The Internet of Things (IoT) continues its exponential growth, with IoT Analytics estimating that the global number of connected IoT devices will grow by 16% this year, to 16.7 billion
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Telecommunication and ASC 606: Revenue Recognition Under the New Standard

The telecommunications industry has been grappling with the new levels of complexity presented by the revenue recognition standard, ASC 606. For telecommunications entities, notable challenges include those related to determining
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ASC 606 Revenue Recognition Impacts on Media and Entertainment Companies

ASC 606 Revenue Recognition Impacts on Media and Entertainment Companies

The new revenue recognition accounting standard update, ASC 606, issued by the Financial Accounting Standards Board (FASB) has caused significant disruption in the back office.  Adoption of the new standard
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ASC 606 Impact on Construction Company Revenue Recognition

ASC 606 Impact on Construction Company Revenue Recognition

Should revenue be recognized at a point in time or over time following the new revenue recognition standard for construction companies?
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Part Six Excel is not a Reporting Tool

5 Reasons Why You Should Stop Using Excel in Revenue Recognition Part Six: Excel is not a Reporting Tool

Beginning in January, we posted a blog outlining five important reasons why Excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Since then, we have extended that blog post
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Part Five Excel is not a Reporting Tool

5 Reasons Why You Should Stop Using Excel in Revenue Recognition Part Five: Excel is not an Agile Business Tool

Beginning in January, we posted a blog outlining five important reasons why Excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Since then, we have extended that blog post
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Part Four Excel is Not Intended for Sharing

5 Reasons Why You Should Stop Using Excel in Revenue Recognition Part Four: Excel is Not Intended for Sharing

Beginning in January, we posted a blog outlining five important reasons why Excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Since then, we have
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Part Three Excel is Not Secure

5 Reasons Why You Should Stop Using Excel in Revenue Recognition Part Three: Excel is Not Secure

In January, we posted a blog outlining five important reasons why Excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Then in March, we struck again,
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