Advanced Revenue Management in NetSuite

Mike Kachline from Vertafore, Inc will be discussing Revenue in Netsuite, and the NetSuite “Advanced Revenue Management” aka “ARM” module. We will walk through essential Revenue accounting principals, followed by how revenue conceptually “flows” within Netsuite’s ARM module. If you are thinking of using ARM, or, currently using ARM, but not very well, this meeting will be very relevant to you. If you are simply interested to learn more about revenue recognition in general, you too will are likely to learn some helpful things.

Topics we will cover in this presentation:

• Define concepts  “Revenue”, “Deferred Revenue” and “Unbilled Receivables” from an Accounting and Netsuite System perspective.
• Define common Revenue Recognition “scenarios”
• Overview of Netsuite Revenue Recognition options WITHOUT the use of ARM.
• Discuss concepts of Revenue Recognition “Events” and “Plans”
• Discuss ARM Records: “Arrangements”, “Elements”, “Plans” and “Journals”
• Overview of Netsuite’s “flow of records and events” when using ARM.