Your SaaS business is a software business, so like most other software companies, you start out with QuickBooks. Quickbooks is a great fit for so many reasons. But, for a SaaS model with term agreements and revenue recognition issues, QuickBooks has a pretty big hole - it doesn't manage revenue recognition.
Enter the revenue spreadsheet. It contains all your SaaS customer information and contract information. And, all your subscription revenues are charted out for reporting and even projections. You Saas business is growing and so are the challenges with managing your SaaS revenue with that xls file.
SaaS Revenue Recognition Management for Quickbooks Made Easy
For SaaS companies that rely on QuickBooks and that have revenue recognition, Revenue Books is the answer. RevenueBooks™ provides comprehensive and integrated contract & revenue recognition management for QuickBooks. It's easy-to-use, robust, and fully integrated with QuickBooks.
How Does our SaaS Revenue Recognition work?
First, Revenue Books holds your SaaS contract information, including contract elements for subscriptions, licenses, maintenance agreements, usage fees, pro services or any other elements. Using the over two dozen revenue recognition templates or the manual override, Revenue Books generates revenue recognition schedules for each contract element, including subscriptions and onetime items. Revenue Books also generates one time, annual, monthly, quarterly or one-off invoices for each element. With all the required revenue recognition schedules and invoices, Revenue Books automatically calculates your revenue recognition, deferred revenue, and unbilled AR.
Second, RevenueBooks™ syncs revenue-related information with QuickBooks. Customers and invoices created in Revenue Books are synced down to Quickbooks. Customers and invoices created or modified in QuickBooks are synced up to Revenue Books. Revenue Books also sends journal adjustments to record recognized revenue in the appropriate QuickBooks income accounts, while making debits and credits to the appropriate deferred revenue and unbilled AR balance sheet accounts.
RevenueBooks is easy-to-use and extremely affordable. And, it’s fully integrated with QuickBooks. Whether you are just getting started with QuickBooks or you want to defer that big, expensive step up to another accounting system, let Revenue Books make your SaaS revenue recognition a snap.
“This is the single best investment we've made for the business in 5 years.”
“SaaSOptics has pulled SaaS revenue recognition out of the dark ages!”
“With RevenueBooks, invoice entry time was reduced by by 75%.”
Remove risk, improve company valuation, speed through audits, and always be prepared for board meetings, investments, and m&a!
• Easy GAAP-compliant subscription revenue recognition • Best practices daily computation and 25 other methods • Close dates, with close period revenue catch-up • Support for professional services rev rec • Revenue allocation • Milestone triggered revenue recognition
Robust invoicing & payment functions for maximum efficiency and improved cash flow: • Annual, quarterly, monthly, ad hoc, and 18 other invoicing options • Milestone triggered invoicing • Complete syncing with QuickBooks • Email invoices from SaaSOptics or from QuickBooks • Support for bundled Items and sales tax • ACH and card payments through Intuit or Stripe
Projects is a unique and powerful on-boarding and implementation management control function that makes it easy to manage your books while your customers are being on-boarded.
If on the date you receive an order you don’t know the exact dates of all the invoicing events, revenue events, or subscription term dates, management of financial records can get complicated. And the complication grows with order volume.
You need a control system. You need SaaSOptics Projects.