Accounting for Contract Incentives

Financial Institutions

July 01, 2016
by Brett Schwantes, CPA

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Brett Schwantes Brett Schwantes, CPA
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An institution enters into a number of long-term contracts for services and software, including the core processing system and debit and credit card payment systems.  To obtain these contracts, vendors may provide various incentives such as an upfront payment to the institution or reduced or no payments for a certain period of time.  This article will discuss factors and principles an institution should consider to properly account for contract incentives.

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Length: 1 pages (PDF 33 kB)

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