Looking for a replacement for that software revenue recognition spreadsheet because you use QuickBooks. Until now, you thought a spreadsheet was the only solution.
RevenueBooks provides complete software revenue recognition management and is fully and complete integrated with QuickBooks. RevenueBooks manages rev rec, deferred revenue, invoicing, and contract management for SaaS, subscription and other recurring revenue businesses.
You start with QuickBooks because it is quick to implement and affordable. For a term subscription or other recurring revenue business with term agreements and revenue recognition issues, QuickBooks has a huge gap - it has not revenue management function.
So, you build a software revenue recognition spreadsheet. That spreadsheet includes customer information and contract information and included all your subscription revenues. It's easy to build and works well for your first handful of customers.
When your business begins to grow, so do the problems and issues with managing your software revenue with that spreadsheet.
Software Revenue Recognition Spreadsheets - No More
For companies that rely on QuickBooks and that have software revenue recognition, Revenue Books is the answer. RevenueBooks™ provides complete, integrated software revenue recognition for QuickBooks.
Revenue Books holds your all your contract information, including contract elements for subscriptions, licenses, maintenance agreements, usage fees, and professional services. Revenue Books generates revenue recognition schedules for each contract element, including software subscriptions. Revenue Books also generates one-time, annual, monthly, quarterly or one-off invoice schedules for each element.
With complete software revenue recognition schedules and all the contract invoices, Revenue Books automatically calculates your revenue recognition, deferred revenue, and unbilled AR.
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 generates journal entires to record recognized revenue in the appropriate income accounts in QuickBooks, providing the debits and credits to the appropriate deferred revenue and unbilled AR balance sheet accounts.
Whether you are just getting started with your subscription business or QuickBooks or you want to defer that complex and 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.