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Your one stop shop for news and information about Klarity.
October 2023
Revenue accounting teams at software and software-as-a-service (SaaS) companies have to deal with the ambiguity and the resulting lack of sufficient controls resulting from the introduction of ASC 606 revenue accounting standards, which have led to more complexity in revenue recognition. This complexity necessitates the development of robust documentation in the revenue accounting process to close books. The drive to maintain robust controls amidst changes within the accounting landscape combined with an already cumbersome workflow process presents significant challenges for your revenue accounting team.
October 2023
Regardless of industry, all teams with multiple performance obligation contracts need to review and complete an SSP analysis. It’s critical that accounting teams create their SSP prior to recording any deferred or incurred revenue to ensure that no adjustments will be needed at a later date. What are the three methods? How does it work? How can I applied it?
October 2023
If you’ve been following recent news in even the most cursory fashion there’s a good chance you’ve heard about ChatGPT, the Large Language Model (LLM) technology that’s primed to revolutionize business operations. It's an innovation that holds such disruptive promise that it has already begun to impact long-standing industries and left more than a few big incumbents spinning. But what is ChatGPT, exactly? And most importantly for accountants, how can it help us do our jobs more efficiently and effectively?
