The Subscription Billing for Microsoft Dynamics 365™ Business Central consists of the following components:
Advanced Recurring Contract Billing
Use Advanced Recurring Contract Billing™ (ARCB) to manage your recurring and contract billing schedules. With ARCB, you can significantly reduce the amount of time required to manage contract billing periods by defining flexible billing schedules that streamline your entire billing process.
Fully integrated with Microsoft Dynamics 365™ Business Central, ARCB is the perfect billing solution for software companies and other high-tech companies that use deferrals.
ARCB is designed for organizations that bill customers for annual support contracts and for contracts based on metered usage or units of measurement, such as bandwidth, water usage, minutes, and more. You can create many meter numbers and meter names and import billing data from other systems into Microsoft Dynamics 365™ Business Central, which saves you valuable data-entry time.
During every billing period, a robust invoice creator converts all of your billing schedules into sales order processing quotes or invoices. You can then quickly produce invoices and start collecting your accounts receivables faster.
Dynamic features also allow you to handle different billing options such as prorating, free periods, one-time billings, minimum quantity, and more. ARCB also helps you minimize revenue leakage by catching missed billing periods and forecasting future revenues.
Advanced Revenue & Expense Deferrals
With Advanced Revenue & Expense Deferrals™ (ARED), you can efficiently process deferral journal entries originating from the Sales and General Ledger modules in Microsoft Dynamics 365™ Business Central:
- Amounts are deferred and amortized using journal entries to the General Ledger.
- Recognition is driven by recognition schedules that are associated with individual document lines.
Developed primarily for service-oriented companies, such as software development companies, subscription services, and hosting companies, ARED uses the balance sheet method for journal entry processing and lets you to assign a deferral account and a recognition account for each item or customer, enabling deferrals at the line item level. You can process journal entries when you want or have them automatically posted to future periods.
In addition, you can define revenue and expense options at the line item level and exercise precise control over revenue and expense recognition and adjustments.
Multiple Element Revenue Allocation
With Multiple Element Revenue Allocation™ (MERA), you can allocate revenue based on the standalone selling price to follow accounting standards for revenue recognition. This functionality allows you to easily allocate revenue to items in a multiple element arrangement (MEA), as required by FASB and IFRS accounting standards.
With MERA, you can:
- Assign default the standalone selling price and methods to items
- Calculate the standalone selling price as a percentage of other items
- Allocate revenue per item within an arrangement
- Use more than one arrangement on single SOP
- Automatically create Distributions per item on SOP
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