Acumatica Deferred Revenue Accounting

Power Your Business with Acumatica Deferred Revenue Accounting

Acumatica Deferred Revenue Accounting makes it easy to 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.

Powers These Acumatica Suites

Powerful Benefits of Acumatica Deferred Revenue Accounting

Accounting Business Solutions Green Bean

Deferred Revenue Accounting

Automatically calculate deferred revenue according to established schedules. Deferred revenue is automatically posted and recognized in financial statements.

Red misshapen circle on a light gray background

Integrated with other Financial Modules

Templates can also be applied to payables for expense amortization. Attach schedules Inventory items so Sales Orders and Purchase Orders are processed according to the proper accounting rules.

Yellow misshapen circle on a light gray background

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.

Accounting Business Solutions Blue Bean

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.

Acumatica Revenue Recognition Overview
Orange misshapen circle

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.

Important Features of Acumatica Deferred Revenue Accounting

Red misshapen circle on a light gray background

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.

Yellow misshapen circle on a light gray background

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.

Accounting Business Solutions Pink Bean

Deferred Revenue in Multiple Currencies

Deferred Revenue Management is completely integrated with all other Acumatica functionality, including currency management.

Orange misshapen circle

Advanced Recognition Scheduling

Schedule revenue recognition to occur at the start of a financial period, the end of a period, or on a fixed day during each period. Create recognition documents each period or skip periods.

Accounting Business Solutions White Bean

Automated Reporting

Predefined reports can be customized using the Acumatica Report Designer.

Accounting Business Solutions Blue Bean

Audit Trail

Deferred Revenue Management is linked to all other modules to provide a complete audit trail of all deferred revenue and expense transactions. The system keeps the details of all scheduled transactions, including the user who entered the transaction and the user who modified the record.

Want the Power? Get the Bean!