Discussions
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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Intelligent Payment Automation, powered by BILL (formerly Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
Software Companies Still Navigating the New ASC 606 Standards
Posted by Carrie Augustine, CPA, NetSuite Software Industry Principal
With the deadline passed, organizations are still using technology and automation to support ASC 606 compliance.
ASC 606, the new revenue-recognition standard, is the most significant accounting change since the introduction of Sarbanes-Oxley. One of its primary goals is to harmonize US and international revenue recognition standards under a new principals-based model, simplifying revenue recognition.
What looks simple on paper is of course often complicated in practice. Many software companies have found that the transition to ASC 606 has complicated their revenue-recognition policies while raising questions about their ability to fully comply with the new standard.
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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