Acumatica Deferred Revenue Accounting
How Acumatica Deferred Revenue can Work for You
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.
Key Benefits of Acumatica Deferred Revenue Accounting for Your Company
Deferred Revenue Accounting
Automatically calculate deferred revenue according to established schedules. Deferred revenue is automatically posted and recognized in financial statements.
Integrated with other Financial Modules
Customized Deferral Schedules
Create schedules based on templates or from scratch to model complex requirements. Schedules can be linked to specific transactions and line numbers on any income document.
ASC 606 and IFRS 15 Compliance
Manage complex multi-element sales scenarios required by ASC 606 and IFRS 15 and customize Acumatica’s logic to meet your unique business requirements and workflow.
Multiple Recognition Methods
Recognize revenue evenly across financial periods, prorate by number of days, or recognize revenue when payments are received. Comply with all recognition requirements – even in situations where revenue collection is uncertain.
Highlighted Features: Acumatica Deferred Revenue Management
Deferred Revenue Administration
Create revenue recognition templates and assign them to line items on revenue transactions. A template can specify start date, recognition method, percentage to recognize immediately, number of occurrences, and time within the period to generate transactions. Templates can be linked to accounts, sub-accounts, and inventory components.
Component Based Revenue Recognition
Divide inventory items into component parts to apply different deferrals within a single inventory item. Use this feature to automate revenue recognition for items with included warranties or other complex situations.
Deferred Revenue in Multiple Currencies
Deferred Revenue Management is completely integrated with all other Acumatica functionality, including currency management.
Advanced Recognition Scheduling
Acumatica Cloud ERP Suites
Financial Management Suite
A powerful set of financial applications used by almost every organization, no matter how complex or simple requirements are. Bring rigor to business processes in a user-friendly way.
Distribution Management Suite
Works together with the Financial Management Suite as a full distribution solution. Starting from the requisition process to purchasing, order management, inventory tracking, automated inventory replenishment suggestions, and more.
Customer Management Suite
Fully integrated with the Financial Management and Distribution Management Suites, the Customer Management Suite fosters a team approach. Dashboards and reports provide real-time sales data to accurately manage forecasts, quotas, and results.
Project Accounting Suite
With the Project Accounting Suite, deliver on project objectives on time and on budget. Manage complex reporting requirements. Include projects in company-wide financial reports.