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Making Sense of ASC 606 & NetSuite's New Revenue Recognition Module

By Eric Smith on Apr 4, 2017 4:29:34 PM

There’s been a lot of questions and uncertainty around how revenue is recognized under the new ASC 606 standard that was first released in May 2014 but finally being required to implement effectively beginning after Dec 15, 2017 for public entities and certain non-profits and for private entities with a 2019 fiscal year.  This change will have a substantial impact on all accounting and ERP systems but for the purpose of this blog we’ll focus on existing and future NetSuite customers.

Topics: NetSuite ASC 606
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