The new module automates subscription billing and also billing and revenue recognition in line with current and new accounting regulations. ASC 606, a new revenue management guideline from the Financial Accounting Standards Board, does not go into effect until 2018, However, the new guidelines will impact companies much earlier, as any customer contract that extends beyond the start date will be affected. Intacct Contract Billing for CRM will be generally available in November from Intacct and its network of channel partners as part of Intacct 2016 Release 4.