Carta wants to help your company stay up to date with the new accounting guidance and make adoption easy. If your Company has elected to adopt ASU 2018-07, which treats non-employee awards as grant date awards, Carta’s expense reporting tool can help you.

If you have already generated expense reports on Carta you will need to contact your account representative or support to assist with a smooth transition. They will work with you directly to update the settings to ensure all expenses calculated prior to adoption remain unchanged.

If you have not yet generated expense reports, you will have the option to enter an adoption date when setting up your expenses for the first time.

Be sure to consult with your auditors or internal accounting team prior to adoption to ensure that Topic 606 is implemented as well to ensure compliances. Please feel free to direct any questions or feedback to 718@carta.com