Careers

On the Importance of Detail Work

I was brought onto a project to create deferred revenue reconciliations, which the client hadn’t created before. I went through all the data since the client’s 2013 NetSuite implementation to pull the correct sales order number for each transaction via reports from NetSuite Invoice to Sales Order, Credit Memo to Sales Order, Revenue Commitment Reversal to Sales Order and Return Authorization to Sales Order. I also went through all the 606 conversion backup files to find correct sales order numbers.

Once the transactions had the related sales order numbers, I created a pivot table to show if the sales order had been fully invoiced or amortized or even show the current balance per sales order or customer. Going forward, the client will be able to add on the new monthly data to reconcile the deferred revenue accounts in subsequent months. These reconciliations will help easily track the client’s deferred revenue by customer and sales order, and they will be able to drill down for more detail on a particular customer or sales order.

Careers at 8020 Consulting

We take pride in nurturing long-term relationships with our team members and our clients. If you’re interested in working on our team of accounting and finance consultants, visit the careers section of our website to learn more about life at 8020. You can also put in an application for consideration by following the instructions at the bottom of the page:

8020 consulting call-to-action

About Erika

Erika has over 12 years of experience in accounting and finance in a diverse set of industries such as Retail, Entertainment, Commercial Real Estate, Manufacturing, and Public Relations. Prior to joining 8020 Consulting, Erika served as Accounting Manager for the retail company Delta Galil Premium Brands who owns the apparel brands 7 for all mankind and Splendid and previously worked for 20th Century Fox as an Accounting Manager. Her specialties include Financial Reporting, Month End Close, General Ledger, Budgeting, Cash Forecasting, and Data Analytics. Erika has an Executive MBA from Loyola Marymount University and received her BS in Business Administration with an emphasis in Accounting from the University of Colorado at Boulder.

Categorized in:

similar articles

Learn to think and approach problems like our financial consultants.

Financial Reporting & Accounting

7 Nuances That Make Insurance Agency Accounting Unique

While insurance brokerage accounting isn’t necessarily more complex, it is unique when it comes to integrating operations and financial reporting. Whether your agency is in the early stages of getting off the ground or you are an established one looking to grow, below are several topics that should be taken into consideration when evaluating if… View Article

September 29, 2022Steve Rochen

Financial Reporting & Accounting

Questions Every CPG Accounting and Finance Team Should Be Asking

Best-in-class consumer packaged goods (CPG) accounting and finance departments are particularly adept at understanding their product-driven companies, integrating themselves into their organizations and pushing finance and accounting insight throughout the company. Companies that want to develop best-in-class departments can take strides by asking the right questions and taking care to work their way to the… View Article

September 14, 2022Bob Clark

Financial Reporting & Accounting

5 Signs Your Accounts Payable Department Could Be More Efficient

The Accounts Payable department is often considered something of a forgotten branch of the Accounting department. While it plays a pivotal role in ensuring that the company stays in good graces with its vendors, it is often considered to possess simple processes and not require modernization. In reality, the Accounts Payable (AP) department is often… View Article

August 18, 2022Ellen Vayner

See All

Back to Insights