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Financial Controls
Qclub was designed as an enterprise-level club management solution and its revenue management is no exception.  It is GAAP compliant and provides the detailed transactional audit trails required for Sarbanes-Oxley, which has become critical as our industry has evolved.
  • Automated Revenue Deferral and Recognition
        • Recognize revenue for the appropriate sites and products based upon your business configuration
        • Detailed transactional audit trails for all deferral with drill down accessibility
        • Revenue for dues and services are recognized on a per diem basis
        • Revenue for dues and services will also occur on specified events such as cancellations and transfers
        • Revenue for sessions and activities is recognized as they occur
  • Full subsidiary general ledger with drill down accessibility
  • Inter-company transactions are automatically created to ensure that the revenue and expense are incurred at the appropriate clubs
 
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