BTerrell Group Blog

The impact of ASC 606 for SaaS companies, Part 2

In our last post, we started the conversation about the impacts ASC 606, Revenue from Contracts with Customers, will have on SaaS companies. The impacts are broad, and significant enough to warrant continuing coverage – so here we pick up where we left off in an attempt to make sense of a confusing new landscape for software providers. A particular area of confusion surrounds when companies are to recognize revenue on term-licensing contracts that also include maintenance and updates.

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Wednesday, October 12th at 11 AM PT / 2 PM ET

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The new Revenue from Contracts with Customers (ASC 606) accounting guidance impacts companies across many industries, but companies that sell software and related products or services will likely experience some of the biggest changes. In our ongoing attempt to help businesses make sense of this complex topic, we’ll look at the ways in which ASC 606 may change the way software and cloud services companies do business.

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You know from experience that the best way to get a job done is to approach it both with a plan and with the tools to carry it out that plan. In our continuing series on the new Revenue from Contracts with Customers (ASC 606) guidance, we propose you apply this same two-tiered approach to bringing your firm into compliance. We call these two tiers Processes and Technology. Let’s take a closer look at how they work together.

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Thursday, September 29th at 11 AM PT / 2 PM ET

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