The Advanced Revenue Management (ARM) enhancements associated with the 2018.1 release allow users to create revenue journal entries for specific date periods and distinguish between creating journals for schedules or for plans.
Additionally, the Expense Waterfall reporting tool enables:
NetSuite Advanced Revenue Recognition provides complete support for all key revenue recognition standards — and as a cloud solution, it automatically updates to reflect the latest recognition rules. With automated revenue recognition calculation and reporting dashboards for continual monitoring, the solution can help your finance teams increase productivity, visibility, accuracy and compliance.
With NetSuite Advanced Revenue Recognition, you can:
The globalization of business today is powered by several factors, including global capital markets, foreign direct investment and economic interdependence. In order to report financial results accurately within revenue recognition
mandates based on multiple accounting standards (e.g. GAAP, IFRS), accounting departments worldwide can leverage a powerful Multi-Book Accounting engine that can record and post revenue-related activity to all books concurrently eliminating data entry replication and manual intervention.
NetSuite enable real-time revenue visibility for any book, anywhere, anytime.