Money Money Money- Revenue and Expense Deferrals

How can a Deferral module help you?

• Do you have Prepaid expenses? Let GP defer that expense for you.
• Do you have Revenue Recognition requirements? Get out of Excel and process your revenue recognitions schedules.
• We’ll talk about ASC606 compliance.
• We’ll discuss the pros and cons of GP’s Deferral module and alternatives for complex recognition needs.
• Automate repeatable processes and reduce the number of manual journal entries.

Processing  Deferral in Dynamics GP will give you many Benefits including:

• Eliminate Excel sheets
• Automate recognition entries
• Save Time – Increase Production
• Fewer administrative errors

Users will learn:

• How to Setup a Prepaid expense example
• How to Setup a Revenue Recognition example
• How to Setup options
• Profit and Loss vs Balance Sheet
• Auto-post
• Days per month vs equal per period
• ASC606 What is it?
• How to handle
  • Events vs Standard
  • By line item
  • Adjustments