We recently spoke with the Revenue Manager of a mid-market information technology and services company about their revenue recognition process. Her company sells hardware, software, services, and support, in various combinations. These may be sold directly through the channel and on an e-commerce platform. Each of their sales orders has many moving parts including billing […]
ASC 606, Potential Impacts to Your Business Model: Part 3
The last in the series on the ‘Impact of ASC 606’ that a re-seller or a distributor business should be aware of with potential impacts to their business model is: “Modifications and Amendments to Contracts.” [The following is a partial transcription from the webcast, “Implementing ASC 606: Potential Changes to Distributor and Reseller Based Revenue […]
ASC 606, Potential Impacts to your Business Model: Part 2
Continuing the series on the ‘Impact of ASC 606’, here’s another area that a re-seller or a distributor business should be aware of with potential impacts to their business model: “How to Determine Estimated Transaction Price.” [The following is a partial transcription from the webcast, “Implementing ASC 606: Potential Changes to Distributor and Reseller Based […]
ASC 606, Potential Impacts to Your Business Model: Part 1
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 […]