QB Talks | Revenue Recognition in QBO
QB Talks March 2024
In QB Talks on March 20, 2024, Alicia Katz Pollock will demonstrate 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 will be 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
CPE Credits Available - 1
Subject Area/Field of Study: Non-Technical - Computer Software & Applications
Course Level: Basic
Instructional Method: Group Internet Based
Prerequisites: None
Advanced Preparation Requirements: None
Who Should Attend: CPA, Bookkeeper, Accountant, Enrolled Agents, Tax Preparers
Finatical Software
This QB Talks is sponsored by Finatical Software. Helping CPA's, Accountants, Accounting Firms and ProAdvisor’s struggling with inflexible QuickBooks Online (QBO) reporting refresh their finance data directly in Excel allowing them to build insightful, scalable reports more easily.Refresh Your QuickBooks Finance Data Directly in Excel for Faster, Easier Reporting & Analysis.
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