Manage your Revenue Recognition and Contract Renewals with Dynamics GP 10.0
Microsoft Dynamics GP 10.0 Advanced Management with Revenue and Expense Deferrals and Contract Management.
Accurately managing the complexities in properly recognizing revenues and expenses is important for any company, but it is critical for companies that sell software and related services. With Dynamics GP 10.0 Advanced Management, you can be confident that your ERP system can meet both your own internal and regulatory requirements for the accurate recognition of software-related revenues, and manage the renewal process with ease and efficiency.
With Dynamics GP 10.0, you can eliminate the use of spreadsheets and other external systems, and process all of the transactions related to the sale of software products and their related services in just a single step. The creation of the renewal contract for the annual enhancement, and the deferral of the revenue into the proper future periods can all be accomplished at the time of the original invoicing. You no longer have to create manual reminders to create monthly journal entries, Dynamics GP handles all of the accounting, properly and accurately, the first time.
Sales activity reporting can be generated to reflect both GAAP accounting (compliant with SOX) with revenue recognition deferred to future periods, as well as sales reports that place all activity in the current period, useful for monitoring the effectiveness of your sales team and for commission purposes.
v Revenue Recognition and Contract Management
v Deferred Revenue and Expenses
v Contract Renewals
v Advanced Invoicing
v Customer-specific Pricing
v Sales Forecasting and Analysis
v GAAP & Regulatory Compliance
v Complete integration with Dynamics GP Financials
When considering which ERP Software you should be implementing, be sure that the new system will handle all of your complex business requirements.
By TMC, Los Angeles Dynamics GP Partner
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