Enterprise Level Functionality at A Mid-Tier Price
Advanced Revenue and Expense Deferrals (ARED) was designed for Microsoft Dynamics GP users looking for a more robust, fully integrated revenue and expense deferrals solution.
Simplify Complex Deferrals
- Create deferrals by line item and build schedules that allow complete control over the timing of sub-ledger and GL recognition postings
- Reduce the time consumed in correcting deferrals. Deferral schedules in ARED can be corrected, cancelled or have credit notes applied with ease.
Automate Recognition Schedules
Create automated schedules as revenue or expense transactions are posted, linking back to the originating data such as invoice number, item number and vendor or customer number.
Line Level Revenue and Expense Recognition Within Dynamics GP
SOP and POP transactions allows for revenue and expenses to be deferred and subsequently recognized at the line level. Because the deferral schedules are built into Dynamics GP, there is no more need to create and manage complex Excel spreadsheets.
User Control of Journal Entry Creation – No More Posting to Future Periods
Unlike Dynamics GP Deferrals, ARED does not create and post multiple journal entries to future periods; instead, a simple user interface allows the user to control which journal entries are created, and when.
Built-In Reporting to Allow Visibility
ARED has several reports built in to show both an audit trail of recognition activity, as well as a “snapshot” of the deferrals at a point in time.
Revenue Recognition for the Software Industry
Software companies are required to follow industry-specific guidance for revenue-generating activities. ARED is a key product addressing these industry-specific requirements.