BTerrell Group Blog
Tags: Quickbooks upgrade, Intacct, Quickbooks, outgrown Quickbooks, Sage Intacct, BTerrell SmartSuite
From Quickbooks to a Billion dollar valuation...and beyond!
Posted by Brian Terrell on Mon, Apr 04, 2022
Tags: Quickbooks upgrade, Intacct, Quickbooks, outgrown Quickbooks, Sage Intacct, BTerrell SmartSuite
Tags: Quickbooks upgrade, Intacct, Quickbooks, outgrown Quickbooks, Sage Intacct, BTerrell SmartSuite
Back in April of 2010, the Financial Accounting Standards Board published new accounting guidance for calculating an often challenging method for recognizing payments on certain forms of revenue. Published as “ASU 2010-17: Revenue Recognition – Milestone Method (Topic 605)”, and discussed in draft abstract form in “EITF 08-9: Milestone Method of Revenue Recognition” on RevenueRecognition.com, the method allows vendors to recognize revenue at the time that a contractual obligation has been fulfilled, instead of applying revenues systematically throughout the term of the contract. However, because of the complexity of dealing with contractual incentives, such as bonuses, the milestone method outlines a few criteria that must be met.
Read MoreTags: Intacct, revenue recognition, ASC 606
And the 5 ways cloud-based ERP can help
As a CFO, you’ve got a lot of responsibility, and a natural response to that responsibility is to worry. And since your role is inherently sensitive, you may be loath to admit to some of the reasons for your worry. What are some of the “secret truths” that keep CFO’s up at night? Here we’ve assemble five of the most common CFO stressors, and how can a cloud-based ERP help you put the worries aside and focus on running a successful business.
Read MoreTags: Intacct