Revenue Recognition

Revenue Recognition 2017-08-23T04:00:55+00:00
I’m very pleased (and so is the team) with the NetSuite Ninjas – very professional and knowledgeable, has definitely gone the extra mile to make sure we stay on time (worked the whole weekend couple weeks ago), and is just a joy to work with. Glad we chose to work with A2Q2 on the NetSuite Advanced Revenue Management project. The project is going well – the work product couldn’t have been better.
Matt Schmuecker, Controller

“I hired Kim Le and A2Q2 while I was CFO of CNET Networks and again when I accepted the position of CFO at Turnitin. Kim is an exceptional leader who develops very strong teams. She drives results with great integrity. The scope of work she accomplished for me was quite broad — ranging from Sarbanes-Oxley compliance to NetSuite Financial systems implementation and integration with SalesForce.com. She and her team also helped me to integrate an acquisition, establish a UK subsidiary and transition auditors. I can’t say enough about how effective she is. Wherever I go next, I will hire Kim.”

George Mazzotta, Former CFO

When it comes to NetSuite support and complex issues, I only trust working with A2Q2. From the start, they helped us consolidate our different chart of accounts from multiple entities and designed our business processes to optimize for Netsuite. We benefited from the onsite user training tailored to our needs and onsite support as we were going live. They drove the project management aspects by clearly communicating the timeline and process and kept our team on schedule. A2Q2 also brought NetSuite accounting and functional expertise to the table. Overall, we enjoyed working with their team throughout the process.

Pete Gregovich, CFO

Are you ready for some NetSuite Ninja action?   

Why A2Q2 NetSuite Ninjas?

  • CPAs and accountants who understand revenue recognition

  • NetSuite functional expertise

  • Practical business process design experience to implement changes

Being able to comply with accounting standards ASC 605 and 606 and report revenue timely are daunting tasks. To make the process easier, take advantage of NetSuite’s robust revenue recognition engine.

By implementing NetSuite’s Advanced Revenue Management (ARM) module, you can automate your revenue recognition process. Do away with the complex spreadsheets that kill productivity and add compliance risk.

Whether your business focus is delivering products or services, or both, you will be able to schedule, calculate, and present revenue accurately. You will also have the ability to create deferred revenue waterfall schedules and analyze VSOE.

Advantages of NetSuite Advanced Revenue Management (ARM):

  • Designed to comply with appropriate revenue recognition rules

  • Configurable features like revenue commitment and revenue reclassification

  • Built with various searches for easy reconciliation

  • Open to customization to fit U.S. and international business models and customer needs

ARM processes covered:

Gain visibility and revenue intelligence needed to make smarter decisions about contracts, and pricing.

  • Deal and contract management

  • Revenue accounting

  • Revenue scheduling

  • Revenue forecasting

  • Deferred revenue management

  • Close and reconciliation

If you are still using Excel spreadsheets for revenue recognition, then it’s time to upgrade. NetSuite Ninjas do the heavy lifting, so you can focus on your business.