Acumatica has significantly upgraded the Acumatica 2018 R1 which boasts new enhancements to the revenue recognition requirements with ASC 606 support that makes it easier to manage complex multi-element sales scenario needed by ASC 606 and IFRS 15.

1. Emphasizing the Applications and Platform Enhancements in the
Acumatica 2018 R1 Release
|Rupsha Dasgupta
Usability
Acumatica has made creating, filtering and displaying generic enquiring convenient, allowing
the users to access vital and specific data in order to present it for analysis. The notification
triggers have been enhanced to create a proactive way of managing any account achieved by
sending mail notifications whenever data is updated or any set of predetermined conditions are
met.
It is also much easier to configure and display any dashboard element with upgraded mobile
applications that have customized dashboard configurations.
Budgetary Allocations
Acumatica manages your accounts and finances in the most efficient manner, coordination
transactions across departments and branches. It provides required logistics to track financials
for organizations and subsidiaries that need inter-company accounting and can distinguish
companies from branches and departments. It assigns the transactions to different account
heads or branches during reclassification. It even permits the splitting of transaction amounts
and transfer parts of it to other accounts, subaccounts or branches.

2. Acumatica has significantly upgraded the Acumatica 2018 R1 which boasts new enhancements
to the revenue recognition requirements with ASC 606 support that makes it easier to manage
complex multi-element sales scenario needed by ASC 606 and IFRS 15.
Modern business manages several branches and subsidiaries Acumatica catersto such
customers with features that enable them to operate in complex, multi-entry environments
where financial transactions must be tracked between subsidiaries or business units swiftly and
efficiently. Acumatica bolstered its capabilities to handle revenue splits reclassification and
made customer-driven improvements to the revenue recognition engine within the module.
Acumatica added more capabilities to its AR/AP from the foundation of modern accounting and
is also its largest pain point. Acumatica added more capabilities to its AR/AP reconciliation
tools, including enhanced bank reconciliation and credit card reconciliation functions to address
this issue in 2018 R1.
CRM
Acumatica enables users to create multiple quotes for a single opportunity. Once an offer is
accepted. A sales order and invoice can be created based on the quote. Users can also choose
to transfer leads, business accounts, opportunities, stock and non-stock items and sales prices
to achieve sales force integration.
PROJECT ACCOUNTING
Experience all out control in the project details, including customer and internal requests. The
workflows can be efficiently defined and approval processes can be swiftly managed with full
business intelligence visibility and audit trail control.
Progress billing and pro forma invoices have been introduced in 2017 R2, and the updates
enhance functionalities which support time and material, tasks, cost codes, and retainage for
the construction industry.
GROUND PERFORMANCE
Standardized service contract billing efficiently defines the services that will be accounted for in
the billing period with the frequency of appointments or hours, the standard fees, and the
overage prices. It also enables the invoice system to inform the customer about the amount
charged along with the overage amount.
PLATFORM
Acumatica holds the licence given by resource levels and not by user counts which makes a lot
of difference. Resource levels range from small to large (XS to 5XL+) and control parameters

3. influencing system performance, such as database space allocated for Acumatica ERP data,
number of transactions and number of requests per hour for the web services API. Exceeding
any of these limits indicates the owner should consider a higher resource level.
This enables administrators of the following:
• View resource limits associated with their license
• Display resource violation warnings and drill down for detail
• Monitor current resource utilization