Revenue Recognition Management

Report Revenue with Confidence and Accuracy

NetSuite 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 of 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

  • Close with confidence

  • Streamline the back office

  • Timely information and insight

 

Key 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 in accordance with EITF 08-1.

 

Percentage-of-Completion Accounting

  • Automate revenue recognition for project types specified in accordance with SOP 81-1.

 

Software and Service Contracts

  • Automate revenue recognition for software and service contracts specified in accordance with SOP 97-2.

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