Deferred Revenue Billing
This App has been built specifically for Epicor ERP Senior Living clients and allows organisations to easily configure the Billing Run process to defer revenue and correctly spread the revenue across Financial Periods.
For example, if an organisation is posting a fortnightly billing run into the current Financial Period, the Deferred Revenue Billing process will automatically determine how many days relate to the next Financial Period and create a set of journals to apply the revenue relating to the next Financial Period in the next Financial Period and reduce the revenue in the current Financial Period by the same amount.
Clients love the simplicity of how this works and the fact that it is automatic (i.e., there is nothing that staff need to think about or do).
For clients who also have 20/20, there is a report that details the billing runs that have been "deferred" by the Deferred Revenue Billing process with the ability to drill-down and view the actual journals created & posted by the App.
For example, if an organisation is posting a fortnightly billing run into the current Financial Period, the Deferred Revenue Billing process will automatically determine how many days relate to the next Financial Period and create a set of journals to apply the revenue relating to the next Financial Period in the next Financial Period and reduce the revenue in the current Financial Period by the same amount.
Clients love the simplicity of how this works and the fact that it is automatic (i.e., there is nothing that staff need to think about or do).
For clients who also have 20/20, there is a report that details the billing runs that have been "deferred" by the Deferred Revenue Billing process with the ability to drill-down and view the actual journals created & posted by the App.