What Our Customers Say
“After our first conversation with Binary Stream, there was a strong sense of trust established because they illustrated their knowledge and expertise in Microsoft Dynamics GP transaction processing immediately. Binary Stream’s ability to share our vision of the solution was unparallel compared to other software vendors.”
~ Tara Schultz, Controller, WireOne
Revenue&Expense Deferrals
Do you need greater detail in managing your Deferrals?
Revenue&Expense Deferrals provides Microsoft Dynamics GP users the ability to defer revenues and expenses on a line item basis directly within Microsoft Dynamics GP. This added depth in deferrals can provide you with the necessary tools to efficiently and effectively meet accounting regulatory requirements for complex projects, contracts, and services. By streamlining deferrals for revenues and expenses directly within Microsoft Dynamics GP you can maximize margins and improve accounting productivity with the simplicity of a consolidated system.
>> See Feature & Benefits Summary
Delay Revenue & Expenses throughout the Life of a Project
For organizations who desire to delay revenue or expense recognition throughout the life of a project or contract, the Revenue&Expense Deferrals allows you to defer revenues, expenses, and related credit memos on a line item basis within Microsoft Dynamics GP’s SOP and POP transactions. This new functionality gives you a great deal of flexibility in terms of creating and altering complex deferral schedules within Microsoft Dynamics GP, including mass modification of journal entries and journal entry adjustments. The Revenue&Expense Deferrals can dramatically reduce the amount of time needed to process deferrals.
More than Microsoft Dynamics GP Deferrals
While Microsoft Dynamics GP does offer you the ability to create deferrals, Revenue&Expense Deferrals offers a significant amount of functionality through added control of your revenue and expense recognition schedules on a line item basis. From adding password protection on deferrals to the mass editing capabilities of multiple deferral schedules, Revenue&Expense Deferrals finally embodies a comprehensive and robust enhancement for Microsoft Dynamics GP.
Fully Integrated, Dexterity based
Binary Stream`s Revenue&Expense Deferrals is the only available deferral solution that is fully integrated with Microsoft Dynamics GP. Written in Dexterity, the programming language of Microsoft Dynamics GP, this solution is integrated with the SOP and POP modules. This offers you several benefits including an unlimited number of reports, and strong and deep financials available within Microsoft Dynamics GP.
For more information, please contact us.
- Complies with SOP 97-2 rule
- Creates many deferral schedules and assign to items
- Defers revenues and expenses by line item
- Prorates deferrals
- Setup deferred revenue & expense accounts by item and vendor
- View and edit deferral schedules anytime
- Inquire on various deferral activities
- Edit schedules in a batch process
- Exports data to Excel
- Efficient journal entry posting engine
- Password protection for deferral schedule changes
- Automated reversals for cancelled and modified deferral schedules
- Forecast revenue/cost recognition
- Defers credit memos
- Tracks contract information separate from deferral schedules
- Minimizes journal entry errors
- Improves accounting productivity
- Increases financial reporting accuracy
- Streamlines deferral adjustments/roll-backs
- Increases control of deferred revenue and expense schedules
- Account for non-inventory deferral items
- Easily forecast revenues and expenses
- Empower financial decision making
