Internet Customer Solutions, Inc.

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Morris Plains, NJ 07950

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(c): 973 727 9665

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Deferred Revenue

Summary

  • The deferred revenue application has the following features:

    • When a deposit is made for a project that has not been started yet, this deposit is not booked as revenue but as a liability aka deferred revenue

    • When work starts on the project, and maybe 25% is completed, 25% of that deposit is booked as recognized revenue

    • This application automatically recognizes that revenue. Powerful revenue recognition templates can be set up at the line item level.

  • Video (5 mins, May 2017)