CiviCRM can do a lot more with finances that just collect donations, sell memberships, and allow people to signup for events. This session will delve into advanced topics in accounting integration with CiviCRM.
Learn about easy to use new functionality to defer membership and event revenue so your books better reflect your actual financial situation using the accural method. Recognizing annual membership revenue on a monthly basis matches it up better with the expenses associated with servicing your members, evens out spikes and troughs in renewals through the year, and provides more accurate forecasts of cash flow. Similarly, event revenue should be recognized as earned when the event occurs, rather than months in advance.
Learn how you can associate expenses as well as revenues with campaigns to calculate ROI (return on investment).
Learn about how to manage expense payments using CiviExpense for recording and approving staff and volunteer expenses, including check printing, stop payments, and check re-issuance.
Plus review hidden features for inventory cost management, new support for line items in recurring donations, and so much more.
We'll also dive briefly into how accounting information is represented in the CiviCRM schema, and how extensions can build on and extend the order and payment APIs.
