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Comment Online page Tentative Agenda Decision Customers right to access the suppliers' software hosted on the cloud (IAS 38 Intangible Assets) To comment, kindly fill in your particulars below. Thank
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Customer accounting for software-as-a-service (SaaS) refers to the process of identifying, recording, and reporting the revenue generated from customers who use the software subscription model.
Businesses and entities that provide software-as-a-service and generate revenue from subscription fees are required to file customer accounting for their SaaS offerings.
To fill out customer accounting for SaaS, companies typically need to gather revenue information, customer details, subscription terms, and any applicable taxes, then report this data in the designated accounting format required by regulatory bodies.
The purpose is to ensure accurate reporting of revenue for taxation, compliance, and financial analysis, which helps in understanding the financial health of the SaaS business.
Information that must be reported includes customer names, subscription details, revenue amounts, payment terms, and applicable taxes.
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