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
Easy to Set-up & Easy to Use Deferrals
Bringing a simple, straight-forward approach to deferral workflows, the Advanced Revenue & Expense Deferrals software offers you various deferral options to streamline common deferral processing. With flexible deferral periods, user controlled postings for journal entries and recurring billing integrations you can adopt a simplified approach to even complex deferrals.
Increase Accounting Productivity
Through the Revenue & Expense Deferral feature set you can dramatically streamline deferral processing within your accounting department. With one simple deferral set-up process you can set the parameters to enable mass deferral schedule processing. Once set-up, you can eliminate the use of spreadsheets to track when revenue and expenses need to be recognized. After-the-fact, you can easily view deferral schedules and edit them anytime within pre-set editing permissions. With the import utility you can further streamline input from external sources into the Advanced Revenue & Expense Deferrals engine.
Recurring Billing Integration
The Revenue & Expense Deferral software is fully integrated to Binary Stream’s Recurring Billing Manager. This product integration allows you to automate the full billing cycle to dramatically save you time. Link to external billing systems to save money and streamline your billing processing. Click here to learn more about the Recurring Billing Manager.
Flexibility & Control
The Advanced Revenue & Expense Deferrals software provides you with great flexibility to control your deferrals. All deferrals are calculated based on a daily rate which can be accumulated into monthly or other standard time allotments. Control when you recognize revenues and expenses and easily cancel or alter recognition schedules. With password protection for deferral schedule editing, you can ensure only authorized personnel are able to work with particular deferrals.
Automated Journal Entry Posting
Posting journal entries can be a very time consuming task when dealing with numerous deferrals. In the Advanced Revenue & Expense Deferrals software, journal entry posting is streamlined and automated with an efficient posting engine. With one simple process, you can review and post all of your journal entries for the current, past, or future period. Additional features allow you to control this process by reporting, auditing, and allowing reversals and adjustments on previously posted journal entries.