In this Acumatica Deferred Revenue Accounting Datasheet, learn how Automate deferred revenue calculations by assigning a schedule to any affected transaction line item or inventory component. Accurately implement and account for deferred revenues and deferred expenses through integration with other financial modules.
Deferred revenue refers to advance payments a company receives for products or services to be delivered or performed in the future. Companies must record the amount received as deferred revenue, which is a liability on the balance sheet.
With Acumatica, financial leaders can automate deferred revenue calculations by assigning a schedule to any affected transaction line item or inventory component. Accurately implement and account for deferred revenues and deferred expenses by integrating with other financial modules. Use templates for payables for expense amortization. Attach schedules to inventory items so Sales Orders and Purchase Orders are processed according to the proper accounting rules.
Key Features in Deferred Revenue Accounting Datasheet:
