Bi101's Hub for Revenue Recognition

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What Does Revenue Recognition Mean in 2017?

Revenue recognition, at its core, is an accounting principle that specifies the conditions where revenue is recognized or accounted for, and follows generally accepted accounting principles (GAAP).

Make Revenue Recognition Prep a Stepwise Process

New revenue recognition standards are fast approaching and companies everywhere need to begin shifting towards these new regulations now. This is a complex process that affects multiple levels of your organization and early preparation is the key. In order to be...

New Revenue Recognition Standards are Coming

New regulations around how your business recognizes revenue are coming and everyone needs to be in compliance with the new standards by January of 2017. You need to understand the new regulations and your company needs to begin preparing for the shift. Here we look at...

Controlling the Current of a Multiple Revenue Stream Business

Warren Buffett once said “In the business world, the rearview mirror is always clearer than the windshield.” When it comes to operational clarity, QuickBooks and ledgering manual spreadsheets may have provided adequate accounting solutions for a 10-person company, but...

How Multiple Revenue Streams Can Work For You

When you first started your company, it may have seemed inconceivable that you’d be working with companies all over the globe. However, that day has arrived and your clients are paying invoices not only in dollars, but in yen, euros and pounds. The advantage of...