BTerrell Group Blog

Revenue Gaps Can Cause Red Flags for FASB

Posted by Brian Terrell on Fri, May 20, 2016

The Financial Accounting Standards Board (FASB) will release an accounting standards update beginning in 2017 which brings to light new questions and concerns about managing revenue gaps and discrepancies. Will you be able to account for what this new update is requesting?

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Intacct Webinar: Real-Time Financial Reporting for Software Companies

Posted by Brian Terrell on Mon, May 16, 2016

Date: Wednesday, May 18th at 11 AM PT / 2 PM ET

Software companies need to meet the demands of an increasingly complex business that requires up to the minute information on revenue, expenses, cash flow, and profitability. Can your current financial system keep up?

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Intacct Launches Industry’s First Automated Solution to Address New Revenue Recognition Guidelines Created by ASC 606 and IFRS 15

Posted by Brian Terrell on Tue, May 10, 2016

Ahead of the Biggest Accounting Change in a Decade, Intacct Contract and Revenue Management Enables Companies to Navigate Regulation Complexities

SAN JOSE, Calif. – May 10, 2016 – Intacct, a leading provider of best-in-class cloud ERP software, today announced the launch of Intacct Contract and Revenue Management. The new offering marks the industry’s first automated solution to help companies navigate the complexities created by the upcoming ASC 606 and IFRS 15 revenue recognition guidelines, which otherwise could burden and overwhelm finance teams with the most sweeping accounting changes in over a decade.

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Are you Prepared for Upcoming GAAP Revenue Recognition Changes?

Posted by Brian Terrell on Thu, Apr 28, 2016

Back in 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) released new guidance on recognizing revenues in contracts with customers.  Revenue recognition is essential for strong financial management and yet can be challenging for certain types of businesses, such as those managing recurring and deferred revenue. 

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Tags: RPA_Lead_Story

Subscription Billing: Replacing Complication with Automation

Posted by Brian Terrell on Thu, Apr 21, 2016

Recent changes proposed for revenue recognition standards by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) will converge different world wide methodologies to reduce confusion when comparing results across countries and industries.  However, complicated financial processes, such as those with subscription billing, may become even more difficult.  Businesses wanting to gain control over the billing and pricing challenges of recurring revenue contracts can get help today with Intacct® Subscription Billing.

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