Explore 2017 – Revenue Recognition Session
Posted on: May 10, 2017 | By: Andy Vitullo | QAD Financials
The new revenue recognition module in QAD's version 2017 Enterprise Editions address the new accounting standards (ASC 606) around the deferral and accrual of revenue.
Key functionality address the deferral of revenue when shipment lead time or customer acceptance is the business condition of the revenue recognition general ledger transactions. It also addresses conditions for capital goods and service sales where percentage of completion are the contract terms for between your company and the customer.
QAD will put this software into general release in the fall version 2017 EE.
2020 Nucleus Research Report on ERP Technology