Binary Stream Software

Advanced Revenue and Expense Deferrals

4 / 5 4 reviews

Who Uses This Software?

Binary Stream offers a full range of products & services to a wide variety of businesses in many industries. We provide scalable solutions to simplify complex business processes, & save time and mone


Average Ratings

4 Reviews
  • 4 / 5
    Overall
  • 3.5 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $5,999.00/one-time/user
  • Pricing Details
    For more information, contact us at marketing@binarystream.com
  • Deployment
    Installed - Windows
  • Training
    Documentation
    Webinars
    In Person
  • Support
    Business Hours

Vendor Details

  • Binary Stream Software
  • www.binarystream.com
  • Founded 1999
  • Canada

About Advanced Revenue and Expense Deferrals

Advanced Revenue & Expense Deferrals provides Microsoft Dynamics GP users the ability to define revenue and expense recognition per item. This depth gives you the control required to significantly increase revenue and expense recognition efficiency. By helping you comply with various accounting standards for projects, subscriptions or service contracts, you can streamline your auditing processes.


Advanced Revenue and Expense Deferrals Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Cash Management
  • Collections
  • Consolidation / Roll-Up
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • General Ledger
  • Government
  • Multi-Currency
  • Payroll
  • Project Accounting
  • Purchasing
  • Revenue Recognition
  • Spend Management
  • Tax Management
  • Trust Accounting

Advanced Revenue and Expense Deferrals Reviews Recently Reviewed!

It produce a lot of helpful data. But it takes ton of leg work to make it produce the data.

May 16, 2017
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 4.0/10 Not
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Pros: Printing the invoices seems simple enough. The smart lists produce a lot of necessary information. The invoice creator prints all to PDF so I can email.

Cons: I have to make multiple entries of the same exact data into different locations. You cannot alter a contracts term once it bills, in fact you can't really alter anything once it bills. You have to do it all over again. Multiple contracts have to be entered for same customer. If you don't put an "end user" on the invoice, you can't look up any billing for that customer.

Overall: I find this software very frustrating for my purposes with it.

We are using only one default revenue recognition schedule and so far it was working well for us.

May 15, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Extremely
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Pros: I like that the schedules are automated, but can be modified . it s easy to post all the schedules at once.

Cons: It was a bit complicated for me to delete the schedule. I contacted Customer support and received detailed instructions, so I could manage it.
Sometimes it doesn't show the data within a range (when I want to process only schedules for specific days)

Overall: It definitely simplify the revenue recognition processes and saves time to allocated revenue.

Does the job well

May 11, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Easily and accurately manages the deferral process. Seamlessly integrates with Dynamics GP. Can substitute account segments based on specific criteria which makes setup simpler. Export of inquiries to Excel is handy.

Cons: Reporting could be more flexible and the software should come with some prebuilt Smart Lists or some instructions on how to build smart lists on the data.

Overall: Accurate recording and management of our deferred revenue.

Very easy to see my deferral schedules and run analytical reports

May 11, 2017
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money

Pros: Recognition schedules are easy to view and understand
Great reporting functionality in the "Recognition Analysis Inquiry" screen

Cons: Increased time to run YTD and future period recognition analysis (when several 1,000 lines are being pulled)