WEBINAR 1024x768 - QB Talks March Updated 1024x768
QB Talks March: Revenue Recognition in QBO
In QB Talks on March 20, 2024, Alicia Katz Pollock demonstrated QBO Advanced’s latest feature, Revenue Recognition. Accrual-based companies will love the ability to automatically schedule Deferred Revenue transactions. Lump-sum annual payments can now be recognized as daily or monthly revenue instead of all at once!
This new tool identifies subscription-based services, and when they’re added to an invoice, the income is spread out using the interval and frequency of your choice.
Alicia was joined by Likith Lanka, the Intuit Project Manager in charge of this exciting new feature!
Join us to see how you can use “Rev Rec” to help your clients see their income monthly instead of annually. It’s a whole new way of analyzing your company’s services.
Learning Objectives:
- Describe the function of deferred revenue in accrual-based accounting
- List the steps to setting up Revenue Recognition in QBO Advanced
- Recall the process of modifying an existing schedule