Accounting Management
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.
Batches
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 to import into your general ledger.
Deferred Revenue
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 then the deferred revenue liability is eliminated when the services are provided. In Nimble AMS, deferred revenue is recorded for products that are related to a Deferred Revenue Method record. A deferred revenue method sets the type of revenue that will be deferred (membership, event, etc.) and the GL account where the deferred revenue will be recorded.