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Understanding ASC 606 Revenue Recognition?

Billing Platform

When: In May 2014, the FASB and IASB jointly issued Accounting Standards Update (ASU) 2014-09, which introduced ASC 606. Seamless integration: By integrating your billing, revenue recognition, customer relationship management (CRM), enterprise resource planning (ERP), general ledger, etc.

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Employers Responsible for Trump Payroll Tax Deferral

Cloud Accounting Podcast

This means that e-commerce sellers are dealing with massive amounts of transactions that need to appear in the general ledger correctly so that you can easily reconcile these transactions with a bank statement. Scott's Add-Ins will link general ledger data in Xero to Excel. That's according to Accounting Today.

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