Do you want to distribute or monetise your orders? Keen to save time on crunching numbers? Looking for a way to report company revenue quickly and accurately? Look no further. Plan your finances with precision with the Revenue Recognition add-on.
Revenue Recognition is for anyone who:
- Runs media campaigns
- Has advanced order calculations
- Is part of a SaaS company
- Is a consultant or has hired a consultant
- Operates in recruitment
- Wants to get a better overview of their finances
How to use Revenue Recognition
Revenue Recognition could, for instance, be useful for consultancy agencies with accruing income over 12 months or another period. Let’s say you have 100 000 that you’ve put on one consultant, but you would like to see how much revenue you’re getting per month.
Imagine you have zero revenue in June but 50 SEK each during July and August. That’s when Revenue Recognition is beneficial. Distribute the income to what fits your business economy.
Keep track of your KPIs
With Insights or Report centre, you can access rapports based on your revenue. See your actual, probable and best-case revenue, among many other reports.
After creating an opportunity or order it can be accrued. Automatically split the income between two dates monthly, or manually set up the exact amounts at the time you want. Each accrued order is only counted as one accrual, no matter the time span or amount. If an opportunity is lost and set as 0% probability the order will no longer be counted for as accrued.
When an opportunity or order has been accrued in the system it is counted as one accrual. If the order is accrued for multiple years it's only counted as one accrual and at the year it was created.