Xactly Commission Expense Accounting

Xactly Commission Expense Accounting is an Incentive and Compensation Management Software. Xactly CEA automates and streamlines a company’s ability to capture, recognize and report on sales commissions, also referred to as “the incremental costs of obtaining a contract,” as required under ASC 606 (IFRS 15). It helps businesses maintain commission data with insights at the customer, product, or contract level, streamlining audit evaluation.

Xactly CEA ensures sales commission data integrity while enabling enterprises to easily adhere to the new accounting requirements with full capitalization and amortization; dynamic true-ups; and a streamlined reporting process. With Dynamic True-Ups: making it effortless for organizations to automatically true-up sales commission capitalization and amortization balances. Expansive Reporting Library: view of the complete lifecycle of your commission expenses with a library of pre-built and automated reports and dashboards, including amortization schedules, profitability statements, accounting model comparisons, and summary roll forward by the group.

Xactly CEA manages any number of accounting books and interoperates with all downstream accounting ledgers. It delivers a comprehensive, end-to-end solution to automate compliance with ASC 606, including both full and modified retrospective approaches. Xactly CEA also integrates with an organization’s financial and technology systems, managing any number of accounting books and interoperating with all downstream accounting ledgers.