Revenue Recognition Changes for Wholesale Distributors
With ASC 606 – Revenue from Contracts with Customers becoming effective for private companies with annual reporting periods beginning after December 15, 2018, now is the time to ensure that revenue recognition policies are consistent with the new standard. One key area where there could potentially be a change from
How Distributors Embrace Inventory Analytics
Inventory and accounts receivable are typically two of the largest assets that a distributor will have and both can significantly influence the viability of the company and the Company’s cash flows. Most companies are aware of the cash flow implications of receivables and work to ensure that customer balances are
What Employee Benefit Plan Sponsors Need to be Talking About
On June 8, 2017, Barnes Dennig and the Rinehart Sussli Group had the privilege of hosting a group of experienced professionals to present to the business community on a variety of topics that are important to employee benefit practices. The presentations centered on the following sections: Fiduciary Responsibility and Compliance
The Perfect Order
Many distributors are looking for ways to increase client satisfaction while also managing costs associated with their supply chain. One of the best ways that a distributor can accomplish the two is by working toward making sure all orders are “Perfect Orders”, and measuring what the perfect order rate is.
Protecting your Company from Cardholder Data Breach
The loss of customer data can not only keep your management up at night, it can severely cripple a business. From the loss of confidence by your customers, to the fines levied by banks and other institutions, a business can struggle to recover from a breach. For this reason it
International Tensions & Tax Reform: How They Affect Distributors
In the monthly forecast prepared by Alan Beaulieu, he touched on how the current political environment will affect business in the United States as well as what the future of the most recent tax overhaul will have on wholesalers/distributors. Eastern European Tensions? Don’t Sweat It Alan notes that the recent