Deadlines for new revenue recognition rules
Under the new revenue recognition guidelines set forth by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB), companies may be required to change the way they are reporting revenue.
For public companies, these changes must be in place for 2018. For private companies, these changes must be in place by 2019.
ProRata gives SaaS companies an easy way to manage and automate their revenue recognition process. For more information fill out the form to the right or watch our video below.