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
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Advanced Revenue & Expense Deferrals
Features & Benefits
Advanced Revenue & Expense Deferrals provides Microsoft Dynamics GP users like you the ability to create detailed recognition schedules. With this functionality you can save time processing and managing deferrals, while gaining greater insight into your revenue and expense forecasts. If you would like to schedule a demo, please contact us!
Increase Accounting Productivity
- Mass deferral schedule processing
- Quick deferral schedule creation with Templates on the Fly
- View and edit deferral schedules anytime
- Efficient journal entry posting engine
- Export data to Excel from all list views
- Link to recurring contract billing schedules with the Advanced Recurring Contract Billing
Significant Cost Savings
- Accurate revenue and expense allocations
- Reduce taxes due to improved accuracy
- Increased accounting productivity
- Improved employee utilization
Improve Financial Reporting Accuracy
- Defer revenues and expenses by the line item
- Easily prorate deferrals
- Apply Credit Memos to deferral schedules
- Separately track contract information and deferral schedules
- Account for non-inventory deferral items
Control Deferred Revenue and Expense Schedules
- Setup deferred revenue & expense accounts by customer, item and vendor
- Enforce password protection for deferral schedule changes
- Track contract information separately from deferral schedules
Empower Financial Decision Making
- Easily forecast revenue/expense recognition
- Various inquiries available for
- Audit Trails
- Recognition Analysis
- Recognition Schedules
Increase Shareholder Satisfaction and Credit Ratings
- Improve accurate forecasting of future earnings
- Enhance the accuracy of financial reporting
- Improve workforce efficiency
Minimize Journal Entry Errors
- Easily view and edit deferral schedules
- Enforce password protection for deferral schedule changes
- Change deferral schedule start dates
- Make updates with the Recalculate Utility
Streamline Deferral Adjustments/Roll-Backs
- View and edit deferral schedules anytime
- Apply Credit Memos to deferral schedules
Comply with Accounting Standards & Regulations
- Recognize revenue as services are rendered
- Sarbanes-Oxley Act (SOX) compliance
- Align with Generally Accepted Accounting Principles (GAAP)
- Complies with SOP 97-2 rule
- Aligns with American Institute of Certified Public Accountants (AICPA) position No. 97-2
Binary Stream Product Integrations
- Integration to Multi-Facility Processing
- Integration to the Advanced Recurring Contract Billing