This is the first in a series of blog posts on the impact of ASC 606, the new revenue recognition standard, on your business and accounting if you’re a re-seller or a distributor business. This topic was discussed in depth in the free online webcast hosted by Tensoft on “Implementing ASC 606: Potential Changes to […]
Top 10 Tensoft Blog Posts of 2020
Happy Holidays! I think one thing we all can agree on is that 2020 has been a crazy year – unexpected to say the least. As we navigate through these unprecedented times, here a few tips that can help in your journey of SaaS and ERP applications in the semiconductor and software industries. At the […]
A Framework for Analyzing Your Company’s Revenue Recognition Needs
There are many scenarios where what you sell does not move directly to revenue. Revenue is deferred largely because it has not been earned yet due to some need to deliver over time or possibly events that have not yet occurred. When you need to defer revenue you need to identify the sale to the […]
Get to Know Tensoft Knowledge Base
As you may know Tensoft Knowledge Base is a one-stop location for support and training resources for Tensoft customers. We host webinars on a regular basis to update our customers with the latest know-how on Tensoft products. These webinars and other customer exclusive resources – product and community – are available on Knowledge Base. This […]
eCommerce Revenue Recognition Pitfalls for Technology Companies
Revenue recognition is a big topic, especially if you are a technology company. The accounting standards are complex when determining what is revenue, when it can be recognized, and even how it is allocated among the line items in a single sales transaction. Multi-element arrangements – sales of multiple related items in the same sales […]
Top 10 of 2019: Tensoft Blog Posts
2019 has been an exciting year for Tensoft! We have added some incredible products, new features to existing products, and a multitude of great new customers. As we wrap up this year, we want to share our list of top 10 Tensoft blog posts with you. Why It’s Easier Than Ever to Adopt Tensoft SemiOps […]
Get Ready for First Quarter Momentum 2.0 Conference
After the great success of our first online user conference last year, we are pleased to announce Momentum 2.0 for Q1 this year. It will be held from Tuesday, March 12 – Thursday, March 14 with the sessions distributed over 3 half-days. For those who missed it last year, Momentum 2.0 is Tensoft’s new quarterly […]
ASC 606: Types of Contract Modifications and How to Account for Them
Below is a partial transcript from our latest webcast, “ASC 606: Understanding Contract Modifications and Variable Consideration,”. It covers the types of contract modifications in ASC 606 and how you can account for them. If you would like to view the full recording, click here. “Judgement is required on how you account for modifications. While […]
Join Us for ‘ASC 606: Understanding Contract Modifications and Variable Consideration’ Webcast
Tensoft’s Business systems consultant and revenue recognition expert Jason Ochipa recently joined us to provide some insights on how Tensoft Revenue Lens addresses some of the changes with the new ASC 606 guidance. As you know, a lot of that guidance is reflected to be more of a principles-based approach to accounting, which allows for […]
Momentum 2.0: Tensoft’s New User Conference
We are excited to announce Momentum 2.0, our new online user conference for Tensoft customers. Since 2005, Momentum has always been a great resource for our semiconductor customers to learn “what’s new” and to keep up with industry best practices. This year we have broadened the conference to include great content for everyone: Tensoft SemiOps […]