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Save time with automated revenue
recognition
Sage Intacct automates installment-
based and conditional-based
revenue recognition. You can manage
installment-based transactions that
cross year-end with automated revenue
recognition schedules. Revenue for
conditional contributions and grants
are managed based on milestones. You
save time and avoid spreadsheets.
Reduce errors with consistent
treatment
Sage Intacct's Revenue Recognition for
Nonprofits works with Grant Tracking
and Billing to track and automatically
bill for grant funding. You enable
consistent treatment and classification
of revenue by source with structured
plans. You can systematically track
barriers and conditions along with
progress on delivery. So, you reduce
errors and deliver on commitments.
Centralize insights on revenue and
condition status
With all calculations in one system,
you eliminate the need to search
through spreadsheets to understand
deferred revenue timing. You can get
on demand insight into conditions and
their delivery status. With documented
revenue schedules just a click away, you
streamline audits.
If your nonprofit manages several grants or relies on grants for a majority of your
funding, the new ASU 2018-08 accounting standard requires re-evaluating many
of your internal processes. To streamline your compliance, Sage Intacct Revenue
Recognition for Nonprofits centralizes revenue recognition for conditional grants
and contributions in one central system. Combined with automated revenue
recognition, you save you time, reduce errors, and provide insights into revenue
and condition status tracking.
D a t a s h e e t
Streamline compliance
with ASU 2018-08
revenue recognition
standards for nonprofits
Automation, consistency, and centralization
save time, reduce errors, and simplify audits
Sage Intacct - Copyright 2018
