ASC 606 & Revenue Recognition Update for Nonprofits
The transition to ASC 606 for nonprofits is here for some and looms on the horizon for others. Are you ready? Can your accounting software handle the new revenue recognition requirements?
For nonprofits to be fully prepared, it's important to know the following, as covered in this blog:
- Effective dates
- Understanding new revenue recognition rules
- Determining if you have the right accounting software to handle revenue recognition requirements
