AccountMate 10 for SQL and Express (and higher versions)



Article #1328

Service-oriented firms usually use deferred revenue recognition. Typically, these companies receive advance payments from their customers for services that are not yet rendered. The service contract term may span within twelve months or beyond. Thus the revenue from this transaction must be recognized over the service contract term.

The Revenue Amortization feature in AccountMate can handle these revenue realization transactions. Article #1328: Understanding the Revenue Amortization Feature discusses how to activate and set up the Revenue Amortization feature. This document also discusses how to use the feature and lists the reports that provide information about the revenue realization transactions.