QuickBooks fits you well for so many reasons, including the low cost of ownership. But for a software company with revenue recognition, QuickBooks provides few answers.
You turn to a spreadsheet to manage the revenue recognition related to your software licenses, subscriptions and maintenance agreements.
You find yourself reading this because there has to be a better way, right?
Software Revenue Recognition Management for Quickbooks Made Easy
Revenue Books is the solution for software revenue recognition for users of QuickBooks.
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 Software Revenue Recognition Work with QuickBooks?
RevenueBooks holds your software contract information, including contract elements for subscriptions, licenses, and maintenance agreements. Using one of over two dozen revenue recognition templates or the manual override, revenue schedules are generated for each contract element. Revenue Books also generates onetime, 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.
Then using the free Intuit Quickbooks Web Connector that comes with your Quickbooks, RevenueBooks™ syncs everything with QuickBooks. Customers and invoices created in Revenue Books are sent to Quickbooks. Customers and invoices created or modified in QuickBooks are pulled back. 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 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.