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As you can see, ASC 606 aff ects your revenue recognition and fi nancial processes
from top to bottom. Unlike previous rule changes where adding new intelligence
to the accounting system was enough, this rule is about contracts and deliverables
with customers—information that often originates outside the accounting system.
Businesses unable to handle complex contracts within their ERP/accounting
system—or by tightly integrating with their CRM—will quickly get overwhelmed with
spreadsheets and subjective decisions. To maintain effi ciency, and not increase risk,
technology is the only answer to this new standard.
www.sageintacct.com
The time to plan your path to ASC 606 compliance is NOW.
Take advantage of this additional resource to get started:
• ASC 606 Resource Page
YOUR PATH TO COMPLIANCE
STARTS HERE
