Why QuickBooks Fails on New Revenue Recognition ASC 606

Here’s one reason why QuickBooks can’t handle the new revenue recognition rules…… The new revenue recognition rule, ASC 606 takes effect for public companies in 2018 and in 2019 for private companies. Here’s how QuickBooks will “handle” the new revenue recognition...

ASC606- Revenue Recognition Standards

The biggest accounting standards change since the implementation of the Sarbanes Oxley Act back in 2002 is hitting the accounting profession – a change to the revenue recognition standards. This new standard, known as Accounting Standards Codification (“ASC”) 606-...

Product Line Profitability

Over the years I have worked with a number of companies in the consumer products arena. One of the critical topics of discussion is always product line profitability. Which of our products truly contribute the most to our bottom line? In connection with the issue of...

Employees Requesting More Feedback

Over the last two years HR professionals have been grappling with the idea of ditching annual performance reviews. Historically, both the employees and supervisors dread the annual review process, at the same time, many supervisors believe they have regular contact...