Flowrev is a cost & revenue recognition and lifecycle management software available for use with popular online accounting software systems.
On top of the exceptional value these systems deliver, Flowrev adds the ability for businesses to recognize their prepaid costs and unearned revenue on the service date or over a period of time even if they pay or invoice upfront or on a different date.
Flowrev provides the capability to spread out the costs and revenue over the appropriate period - for example, monthly over twelve months. Unexpected changes to transactions, such as mid-term subscription cancellation, changes to the recognition service period, etc. are all easily handled and tracked.
Flowrev works seamlessly with cloud accounting software. It automatically computes and syncs required journal entries so that the reports in your accounting system accurately reflect your company's costs as they are incurred and revenue once it has been earned. Other reports such as debtors/amount owed remain accurate.
Use Flowrev and throw away those pesky, time consuming, error prone spreadsheets that you currently use for your prepaid costs and deferred revenue management. No more headaches in maintaining disparate, hard to keep in sync, data sets.