The conversation between human and AI assistant.
Under US GAAP can I defer commission expense on sales if I am deferring software Implementation and License Revenues until product go live?
Okay, that makes sense. Can you explain more about deferring software implementation and license revenues until the product goes live?
Deferring software implementation and license revenues until the product goes live means that the revenue recognition will be delayed until the product is actually being used by customers. This can be beneficial for companies that want to avoid recognizing revenue too early or for situations where there is a significant amount of time between when the software is sold and when it is actually implemented and in use.