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NetSuite

NetSuite REVENUE RECOGNITION MANAGEMENT

Report Revenue with Confidence and Accuracy
NetSuite’s revenue recognition management solution helps companies comply with accounting standards and report financial results in a timely manner. Whether your business conducts sales transactions that consist of products or services, or both, and, whether these transactions occur at a single point in time or across different milestones, NetSuite’s revenue recognition solution will help you schedule, calculate and present revenue on your financial statements accurately. Automate revenue recognition with financially intelligent capabilities to report results in accordance with accounting standards.

Benefits

  • REPORT WITH ACCURACY
    Drill down to the sales order level to understand the impact on your business.
  • CLOSE WITH CONFIDENCE
    Accelerate the financial close while maintaining compliance with applicable accounting standards.
  • STREAMLINE THE BACK OFFICE
    Eliminate errors with seamless order-to-cash processing.
  • TIMELY INFORMATION AND INSIGHT
    Improve business performance with real-time access to revenue-related ending balances and revenue recognized.

Features

  • FLEXIBLE REVENUE RECOGNITION SCHEDULING
    Define recognition schedules for sales transactions that have specific revenue and billing requirements.
  • REVENUE ARRANGEMENTS WITH MULTIPLE DELIVERABLES
    Automate revenue recognition for sales transactions with multiple elements and deliverables
  • PERCENTAGE-OF-COMPLETION ACCOUNTING
    Automate revenue recognition for project type accounting
  • SOFTWARE AND SERVICE CONTRACTS
    Automate revenue recognition for software and service contracts
  • RECURRING REVENUE

For more details on NetSuite REVENUE RECOGNITION MANAGEMENT

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