Does your current accounting software allow you to accurately recognize revenue in the manner and on the timetable you wish? NetSuite Revenue Recognition puts you in control of your accounting and lets you appropriately recognize revenue and adjust recognition schedules. Your NetSuite consultant on Long Island can help you implement it and incorporate it into your bookkeeping system with ease.
If your business defers sales income and recognizes revenue only when services are delivered, NetSuite Revenue Recognition can simplify the process. This system—with the industry’s only customizable, real-time dashboard—allows you to attach amortization schedules at the line-item level for every sale and prompts you when it is time to recognize that revenue. You can also attach percent completion recognition that will automatically recognize revenue as each portion of a sale or task is completed. With this automated system, you can avoid errors and eliminate delays in recognizing revenue while making more accurate financial forecasts and timetables based on projected completion dates.