3 VSOE Compliance Suggestions for Software Companies

In 1983, Association of Data Processing Service Organizations (ADAPSO) performed a survey of the large software companies (revenue over $10 million,) inquiring of them regarding their revenue recognition practices. Particular inquiry was made regarding that point at...

An Attitude of Gratitude for VSOE Software

Happy Thanksgiving! Today is a day for giving thanks and recognizing the blessings of life. At Bi101, we would like to join in the tradition of thanksgiving and recognize something that does not ever receive the credit or the thanks that it deserves – VSOE...

The Dangers of Revenue Recognition Noncompliance

There is nothing easy about running a software company. First, there is the difficulty in finding the right programmer. According to an analysis of job posting, there are thousands of programming positions that are unfulfilled. Second, there is the need to generate or...

QuickBooks and Vendor Specific Object Evidence of Fair Value

QuickBooks is ubiquitous with small business. According to the NPD Group, a market research company, when it comes to accounting software within small businesses, QuickBooks has about 90% market share. This kind of market share is only obtained by making strategic...