Best Practices in Revenue Management: The Pitfalls of Recording Revenue from Cash Receipts04/23/2015
Understanding what you are owed and when is key to driving cash flow, ensuring accurate income and distribution as well as accurate projections and accruals. Many companies book and distribute revenue directly from cash receipts, but there is a better way. By capturing contract terms and integrating production data, companies can calculate accurate revenue and ensure they are getting paid what is owed.
In this webinar, you’ll learn about the benefits of using production data to record revenue and receivable transactions. These benefits include:
- Better Cash Flow
- Less Duplicate Data Entry
- Time (and Money) Savings
- An Accurate Audit Trail
- Fewer Prior Period Adjustments