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PCR independent school management solution and website
Products
Admissions & Enrollment
After School Activities
API
Cafeteria & POS
School CRM
Data Analytics & AI
CMS
Donations
Enrollment Management System
Financial Aid Management
Finance & Accounting
Fundraising
Point of Sale
Scheduling
Student Information System
Summer School & Summer Camp
Solutions
K-12 Private and Independent Schools
K-12 Public Schools
Colleges & Universities
Medical Schools
Vocational and Technical Schools
International Schools
Dance and Theater Schools
Youth Programs
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New Feature: Flexible Revenue Recognition
New Feature: Flexible Revenue Recognition
New Feature: Flexible Revenue Recognition
We are thrilled to announce a powerful new feature:
Earn Date Revenue Recognition
. This enhancement is designed to provide you with more flexible deferred revenue recognition, ensuring your financial reporting and management are optimized.
Key Benefits of
Earn Date Revenue Recognition
:
Precision and Compliance:
Manage deferred revenue recognition across various scenarios and transaction types with accuracy.
Flexibility:
Choose from multiple recognition methods to best fit your financial practices.
Improved Financial Reporting:
Ensure your financial data reflects real-time, accurate revenue recognition.
Feature Details:
Our
Earn Date Revenue Recognition
method includes three versatile options:
Earn on Receipt Earn Date Only:
- Recognizes revenue solely based on the receipt earn date, regardless of when the invoice was issued.
- Ensures the timing of invoices does not affect revenue recognition.
Earn on Invoices Before Earn Date:
- If an invoice is issued before the earn date, revenue is recognized on the invoice date.
- Adjusts recognition based on invoice timing, ensuring compliance with financial standards.
Earn on Invoices Always:
- Recognizes revenue based on the invoice date, regardless of the earn date.
- Overrides the earn date if an invoice is associated, aligning revenue recognition with invoice timing.
To get started, please review these articles and reach out to support@pcreducator.com:
Finance Unearned / Deferred Revenue
Application Setup
Earn Date Revenue Recognition
Auto-Pay Configuration (Finance)
See also
Finance Unearned / Deferred Revenue
Auto-Pay Configuration (Finance)
Earn Date Revenue Recognition
Application Setup
Action
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sales@pcreducator.com
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PCR Educator School Information System is an online database engineered for schools and universities to deliver the highest level of flexibility, unique experience, transparent communication and customized design.