After you're completed your initial accounting configuration, now comes time to manage it and ensure that everything continues to move forward - batches stay healthy, emails for orders are sent (automatically or manually), and end of the month books are completed properly.
In Nimble AMS, all financial transactions are associated with a batch. With batches you can group financial transactions by entity and transaction date. Batches are posted to finalize the transactions within the batch, and you can export them from Nimble AMS for import into your general ledger.
Nimble AMS includes support for cash and accrual bulk billing.
Deferred revenue is a liability that is created when money is received by your association for goods and services that are not yet provided. Revenue is recognized, and the deferred revenue liability eliminated when the services are provided. In Nimble AMS, deferred revenue is recorded for products that are set with a deferred revenue method. A deferred revenue method sets the type of revenue that will be deferred and the GL account where the deferred revenue will be recorded.
With Nimble AMS you can track and manage one or more financial entities. Each financial entity of your association managed within Nimble AMS is represented by an entity record. The entity holds a variety of settings and information used when entering orders and other financial processes, as well as analytics.
In Nimble AMS, you use productsto represent the goods or services your association offers to your constituents. Your products are set up using product types which define what attributes the products have. For example, an event session product has a start and end date, but a merchandise product does not. Your products are purchased by your constituent using orders.
With Nimble AMS, you can charge and collect sales taxes on the merchandise products you sell to your constituents.