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Automated Commission Expense Accounting: Compliance Without the Complexity

AUTOMATED COMMISSION EXPENSE ACCOUNTING: COMPLIANCE WITHOUT THE COMPLEXITY

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 12, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAccounting
Course LevelBasic
Course Description

Accounting for sales commissions under ASC 606 (IFRS 15) is more complex than originally anticipated. Many Accounting professionals are currently managing the process on spreadsheets or via an ERP system. However, this process is inefficient, difficult to maintain, doesn’t provide a secure audit trail, and is prone to errors.

Xactly VP Corporate Controller, Dan King knows this all too well. Dan King has seen the complexities first hand at Xactly as well as at other organizations. In our upcoming webinar, Dan King, along with Erik Charles, Xactly VP Solutions Evangelist, will highlight the challenges faced while accounting for commissions using manual processes and share how automating with a purpose-built solution will drive efficiencies and ease reporting.

This discussion will include technical accounting considerations as well as operational suggestions to ensure compliance with your capitalized commission requirement under the new standard.

Learning Objectives:


  • Discover what best-in-class organizations are doing to manage commissions expense accounting

  • Consider options for Portfolio vs Contract methods of capitalization

  • Learn accounting considerations such as customer life, what to capitalize and impairment

  • Discover how an automated purpose-built commissions accounting solution ensures accuracy from payout to reporting

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Erik Charles

Xactly
Vice President, Strategic Marketing
[email protected]

Xactly

Erik W. Charles is an accomplished professional with over two decades of experience in Marketing, Consulting, and Product Evangelization.

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Thomas Stehno

Xactly
Assistant Controller
[email protected]
4089773132

Xactly

About Our Presenter

Xactly

Xactly’s vision is to change the world of incentive compensation.

We help people everywhere connect and unleash their human potential through seamless, perfectly aligned incentive compensation. We believe in the power of incentives to help companies, their employees, and their partners build stronger relationships and achieve more. Xactly takes incentive compensation from a dark art to a science, providing decision-makers with the data insights they need to tap the motivational power of their incentive compensation. We imagine a world where anyone can design and manage the ideal incentives to drive their business and inspire their people. At Xactly, we are driving the future of incentive compensation.