With the new Revenue Recognition rules (ASC 605/606) which come into effect on January 1, 2018, companies are scrambling to comply with the new regulations. NetSuite’s multi-book functionality combined with NetSuite’s Advanced Revenue Management functionality offers companies a robust, sophisticated ASC 605/606 revenue management solution.
This webinar presents will examine in depth NetSuite functionality that support the ASC 605/606 requirements. The presentation will examine the following subject areas:
1. Advanced Revenue Management: Understand the functions around Advanced Revenue Management including elements, plans, and the revenue recognition process.
2. Multibook Functionality: specifically, functionality that allows companies to maintain a primary (ASC 606) and secondary (ASC 605) book.
Putting it All Together: Examine how the combination of Advanced Revenue Management and Multibook functionality can help companies meet the ASC 605/606 accounting requirements.