Let’s Make Lots of Money- Revenue and Expense Deferrals for Dynamics GP
"I've got the brains, You've got the looks, Let's make lots of money"- from opportunities Pet Shop Boys
•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 recognition schedules
•Discuss ASC606 compliance
•We'll discuss the pros and cons of GP's Deferral module and alternatives for complex recognition needs
•Automate repeatable processes, reduce manual journal entries processing
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Users will learn:
1. How to Setup a Prepaid expense example
2. How to Setup a Revenue Recognition example
3. Setup options
4. ASC606 What is it?
5. How to handle
• Events vs Standard
• By line item