Title: NetSuite Revenue Recognition (ARM) Explained | How to Use Advanced Revenue Management
Description:
In this NetSuite tutorial, we take a deep dive into Revenue Recognition, also known as Advanced Revenue Management (ARM) — one of the most powerful financial automation tools in NetSuite. Learn exactly how to configure and use revenue arrangements, revenue elements, and revenue plans, and understand how revenue recognition rules drive automated revenue scheduling.
We’ll walk through:
✅ How a Sales Order creates a Revenue Arrangement and linked Revenue Elements
✅ Setting up Revenue Recognition Rules and applying them to item records
✅ Viewing and managing Revenue Plans and journal entries
✅ Understanding forecast vs. actual recognition for accurate financial reporting
✅ Key differences between Revenue Recognition, Amortization, and Fixed Asset Management
Perfect for controllers, NetSuite accountants, and finance professionals, this video helps you confidently implement ASC 606-compliant revenue recognition in NetSuite and streamline your month-end close.
Timestamps:
00:00 Introduction to Revenue Recognition (ARM)
01:16 Flow of Revenue Arrangements & Elements
04:24 Navigating Revenue Arrangements in NetSuite
05:50 Exploring Revenue Plans
07:26 Reviewing Revenue Recognition Rules
09:10 Creating and Editing Recognition Templates
Keywords: NetSuite revenue recognition, Advanced Revenue Management, ARM NetSuite, NetSuite tutorial, ASC 606 compliance, NetSuite revenue plans, NetSuite accounting, NetSuite financial automation, revenue recognition rules, NetSuite controller training, revenue arrangement, revenue element, revenue plan, deferred revenue management
