The new ASC 606 revenue recognition standard goes into eff ect at the start
of 2018 for public companies and the start of 2019 for private companies.
The rule has far-reaching consequences, particularly for companies that have
revenue tied to contracts, and it will likely require signifi cant upgrades or
updates to your accounting technology.
To help you transition and plan for the extensive changes, we have identifi ed
six critical capabilities accounting software must now be equipped to handle.
Continue reading to discover how to evaluate your current software. You'll
also learn why your business people and processes are certain to get
overwhelmed with spreadsheets and longer audits if your technology
isn't ready for ASC 606.
2018
ASC 606
2019
