Revenue Recognition with Litmos Training Ops
The complex world of revenue recognition can be intimidating. But with Litmos Training Ops LMS, you can have a powerful revenue recognition training that provides intuitive and creative features for managing training revenue. After your finance team determines which rules apply to revenue recognition of registration fees you just point and click to define and apply those rules within Litmos Training Ops. Once you define your rules, the system automatically updates your registration records each night.
With Litmos Training Ops, you can confidently operate:
- Revenue settings that provide a flexible infrastructure for defining rules that can include course criteria, reference dates and cut-off dates
- Automatically updated registration records based on parameters created by your organization
- Revenue management with the "Revenue Recognition" tab to stream the transfer registration revenue data directly from Litmos Training Ops to any department
- Application options of frequency when applying amortization to your revenue recognition
- Date setting features such as invoice, purchase or invoice date to determine how revenue will be recognized.
With the Litmos Training Ops LMS, revenue recognition is easy. With Litmos, your enterprise has the power to instantly provide up-to-date reports that validate the contribution training makes to your bottom line. A live demo of revenue recognition can show you how quickly you can get the data you need. Try it today.