Deferred Revenue Accounting

Improve control and accounting for revenue recognition in future periods.

How Deferred Revenue Accounting 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 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

    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.

  • 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.

Important Features of 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

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.

Automated Reporting

Predefined reports can be customized using the Acumatica Report Designer.

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.

See what Acumatica customers are saying

"I don’t know how we would have handled the initial Covid-19 outbreak without Acumatica. We were able to make the switch to be fully remote within a few days."
Ethan Platt, President & Co-Owner
American Meadows
"When we saw Acumatica, we totally switched gears. We selected Acumatica due to the ease of use. Cost was another factor. Licensing with Acumatica is all about the resources and usage rather than how many users you have. Acumatica made a lot more sense for our business model because a lot of our users are in support roles, and not in the software regularly, so paying (a full seat license) to access a system once or twice a month didn’t work for us."
Shivani Raval, Director of Operations

Ready to put Acumatica to work for you?