ASC 606 & IFRS 15: How the new Revenue Standards will Impact Subscription Companies
This post is guest-authored by two experts at Zuora: Peush Patel, Director of Finance and JingJing Xia, Sr. Product Marketing Manager. Zuora is the industry leader in subscription billing, e-commerce and finance and a valued partner of Leeyo Software. Patel is the Product Management Director for Finance at Zuora. Before Zuora, he led the Revenue Management product at […]
ASC 606 / IFRS 15 Changes Aplenty for Subscription Businesses
Do you subscribe to the theory that change is good? Ehhh, ‘yes,’ ‘no,’ or even a ‘depends on my mood,’ any answer is fine with us. We’re simply wedging in use of the word ‘subscribe’ to highlight our recent article in partnership with our friends – and frequent collaborators – at Zuora for FEI Daily […]
Processing Dual Books is Not Just Processing Dual Revenue
By Jim Staats, Senior Account Manager at Zuora The incoming revenue recognition standards, ASC 606 / IFRS 15, naturally mean a lot of changes to just about every company in all industries. Right now, companies (at least the few not dawdling) should be looking at comparative sets of financials to see how things look today and how they’ll […]
Forecasting Comes to the Fore with New Guidance
Let’s talk about forecasting. Much of the lead up to the new rules governing revenue recognition, set to go into effect for most firms in 2018, has centered around the likely impact on contracts and accounting policies, and rightly so. The big accounting change for contracts comes from the new approach in which revenue is […]