Solution Details
Accrual Manager: 606 Revenue Recognition is the Easy Button for deferred revenue contracts!
MindStream’s Accrual Manager: 606 Revenue Recognition is your comprehensive solution for managing ASC 606 Accruals for Contracts with Customers. This platform is meticulously crafted to transform your accrual calculation process.
Accrual Manager’s All-in-one interface for managing ASC 606-based accruals provides access to:
- Contract details
- Contract obligations
- Contract invoices
- Instant calculation and reporting – Accruals, Performance Obligations, Journals
- Multi-currency
Key Features
Revolutionize Your Management of Contracts with Customers
Step out of the manual world of Excel and into the simplicity of a refined, secure application built on OneStream’s proven technology.
With Accrual Manager: 606 Revenue Recognition, you will easily:
- Manage customer contracts
- Store and track performance obligations
- Calculate and report:
- Transaction price
- Transaction price to performance obligations
- Revenue
- Contract Liabilities (Deferred Revenue)
- Contract Assets
- Generate journal entries for the general ledger
Transformative Features of Accrual Manager:
- Simple: With Accrual Manager, bid farewell to the complexities of manual calculations and multiple Excel documents. Accrual Manager is a system that provides easy storage and tracking of all contracts in one place and instant calculation and reporting of accruals.
- Intuitive: Accrual Manager’s user-friendly interface makes for easy learning.
- Seamless: The platform integrates with your sales and financial data, generating accurate journal entries and reports.
- Secure: Built on the OneStream platform, Accrual Manager leverages the existing security model.
- Auditable: Built-in auditing capabilities track updates and deletions to contract details ensuring complete visibility.
- Extensible: Accrual Manager’s calculation framework is extended to include any organization-specific calculation requirements.
Step into a World of Simplified Accrual Management
Try Accrual Manager today! Experience efficiency, accuracy, and comprehensive management in a new era of streamlined contract accruals.
Contact Information
Sales Support:
- Sales@mindstreamanalytics.com
Operational Support:
- ProductSupport@mindstreamanalytics.com
Website:
