Recent changes in Accounting Standards Codification (ASC) 606 has been put in effect to ensure revenue recognition practices across both public and private companies, particularly those that follow industry-specific guidance under US GAAP, aerospace, defens, automotive, communications, engineering, construction, entertainment, pharmaceuticals, and technology industries are required to recognise revenue as it is earned rather than as it is accrued.
This change can be difficult for manage and maintain without a professional services automation solution in place that allows you to simplify those business processes, improve overall performance, and drive results. KeyedIn provides that.
Download this datasheet to see how KeyedIn solves revenue recognition problems and provides visibility to protect the P&L.
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