Whether you are an accounting wizard or just appreciate efficiency, you should like this update…
Introducing our new ASC606 experience!!!
With the help of CPAs, accounting experts and customers, we re-designed our entire ASC606 experience, from the ground up, to make it more intuitive and automated…and quite possibly the world’s best solution for ASC606 =).
You will never need to build an ASC606 model in spreadsheets again. Everything is as easy as 1) allocating commissions to portfolios, 2) choosing a few settings and 3) clicking a button to generate extensive amortization schedules.
A picture is worth a thousand words…let’s roll with some visuals.
1) Allocate commissions to portfolios
Commissions get automatically assigned to the correct portfolio.
2) Choose a few settings
Specify the accounting treatment, period of benefit and capitalization date…
…select a fringe benefits rule…
…finally assign a few balance-sheet and P&L journal entries.
3) Click a button to generate extensive expense reports
Become an accounting hero with the click of a button. Journal entries, capitalized amount, amortization to date, payee, business unit codes, amortization waterfall, etc. This report has all you need!
We also have a video if you are more of a…video kind of person:
That’s it for ASC606 =).
As always, if you have any questions, comments or feedback, please let me know directly. Also, if you would like a demo, click here and we will be happy to schedule one for you. You can also watch a quick video about how our customers feel or just go to spiff.com for more details.