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Commission Policy Template
Like a revenue policy, a commission policy is a living document that helps you enforce the consistent application of FASB guidelines (specifically ASC 606).
This document functions as an internal control that will dictate how your company accounts for expenses related to acquiring and fulfilling contracts. It will serve as a point of reference during audits.
What This Template Will Help You Do:
- A usable policy template to use as a framework for your own company’s commission policy
- Specific guidance for each section and additional FASB resources
- Additional considerations for writing each section based on our team’s wealth of experience