NetSuite Advanced Revenue Recognition automates your processes and updates itself to reflect the latest rule changes in the sector.
Stay On Top Of Their Revenue Recognition
NetSuite Advanced Revenue Recognition helps businesses stay on top of their revenue recognition, which can be a major challenge due to the fast-changing rules that complicate the area. However, with this module, you can improve productivity while making sure you’re compliant with all relevant standards.
The module is easy to add to your NetSuite solution and allows you to integrate directly with existing ERP solutions from Oracle, SAP and Microsoft. It also offers support for all key revenue recognition rules.
Key Area Functionality
NetSuite Advanced Revenue Recognition allows businesses to ensure they always remain compliant with the latest AICPA, FASB and SEC regulations. Among the requirements it supports are SOP 81-1, SAB 101, EITF-0021, EITF 08-01 and EITF 09-03. The solution enables you to automatically recognise revenue for each line item according to the appropriate method.