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Article #1328

Service-oriented firms usually utilize deferred revenue recognition. Typically, these companies received advance payments from their customers for services that are to be rendered. The service contract term may span twelve months or beyond. This will mean that the revenue from this transaction must be recognized over the service contract term. The Revenue Amortization feature in AccountMate can specifically handle revenue realization transactions.

Article #1328: Understanding the Revenue Amortization Feature discusses how to activate and set up the Revenue Amortization feature. This PDF also discusses how to use the feature and lists the reports that show the revenue realization transactions.