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
Achieve Accuracy & Compliance in Deferrals
Gain a significant amount of control over your revenue and expense recognition. Improve financial reporting accuracy by setting up and tracking deferrals up front. With improved reporting accuracy you will save time complying with accounting standards and regulations. Improve shareholder and stakeholder relations through better forecasting and data consistency enabled by the Advanced Revenue & Expense Deferrals.
Improve Reporting Accuracy
By defining revenue and expense recognition parameters by the item in Microsoft Dynamics GP you can automate and control deferrals in a whole new dimension to improve your reporting accuracy. Reporting improvements will align you with reporting compliance regulations and save you tax dollars based on the revenues you report. With the ability to control when you want to recognize revenues or expenses and the ability to adjust/fix deferral schedules anytime, reporting accuracy is completely in your control.
Increase Shareholder Satisfaction and Credit Ratings
Accurate deferrals and revenue and expense forecasts will make your shareholders, creditors and stakeholders more confident in your business operations. By basing future estimates upon data within the Advanced Revenue & Expense Deferrals software you will be able to form more accurate forecasts. You will know the exact amounts scheduled to be recognized, enabling you to plan and react effectively. Being proactive in this manner will foster and build trust in important stakeholder relationships.
Comply with Accounting Standards & Regulations
The Advanced Revenue & Expense Deferrals software enables you to recognize revenues and expenses as services that are rendered over time. This detailed breakdown of financial data is required for many different accounting regulations including those resulting from the Sarbanes-Oxley Act (SOX). With carve-out support, multiple revenue streams can be created from a single invoice. For the purposes of financial audits and tax compliance this software can ensure you are following Generally Accepted Accounting Principles (GAAP).