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Flowrev

By Flowrev, Inc
4.91 out of 5 stars
Streamline cost and deferred revenue recognition. Eliminate time consuming spreadsheets. Gain accurate financials near real-time.
Rated
4.9
out of 5
Reviewed by
12
Xero users
Listed for
9 years
October 2015
Key functions
Accountant tools
Reporting

Overview

Flowrev is online cost and revenue recognition software that lets users automate and streamline their accounting processes for deferred revenue and prepaid expenses. By eliminating time consuming spreadsheets users close faster and regularly deliver more accurate financials and forecasts. New regulations (IFRS15, ASC606) for revenue and expense recognition went into effect for private companies worldwide in Dec. 2018. Now's the time to implement revenue and expense recognition automation software. Beyond regulations, the more accurate financials, which are reflective of true business operations, are a must have for company executives.

Flowrev
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Flowrev + Xero

Flowrev is a certified partner app seamlessly integrated via the Xero API. Users can easily pull transaction data incrementally to Flowrev, automatically generate revenue and cost recognition schedules and journal back to Xero with the click of a button. Changes to transactions in Xero are easy to keep track of and handle with the built-in schedule checkers, which highlight transaction changes requiring follow on revrec/costrec processing. Flowrev supports Xero Product/Services, tracking, currencies, multiple deferred revenue and recognition accounts, schedule and repeating invoice based forecasts and much more.

Reviews & ratings

4.9 out of 5 stars
12 Reviews

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Most recent reviews

MP
Matthew Pritchard
Posted 16 Nov 2020
5 out of 5 stars
Flowrev saves me days of work and makes cost and revenue recognition an enjoyable task. Highly recommend this integration.
ÁA
Álvaro Arranz
Posted 2 Nov 2018
5 out of 5 stars
We use Flowrev at Firefly Learning and I just can say that is a fantastic tool to help businesses based on ARR. You need to get the assumptions right when using it, but once done that it is way better than anything we have seen in the market. It allows you to recognise the revenue the way you want, besides their Support team is outstanding. They have been always very useful helping us to get the information we wanted and therefore our funraisings have been more successfull. Thank you guys for your hard work,
AT
Adam Thompson
Posted 25 Jul 2018
5 out of 5 stars
Also a huge fan here. I use it for amortizing prepaid expenses and deferring revenue between months. Team is responsive and very helpful. Great, simple yet powerful product!!

Additional info

Shared data

Xero
Flowrev
Accountsshared from Xero to Flowrev
Tracking Categoriesshared from Xero to Flowrev
Paymentsshared from Xero to Flowrev
Manual Journalsshared from Flowrev to Xero
Itemsshared from Xero to Flowrev
Invoicesshared from Xero to Flowrev
Currenciesshared from Xero to Flowrev
Credit Notesshared from Xero to Flowrev

Functions

Accountant toolsReporting

Industries

Accounting

App details

By Flowrev, Inc
Added in 2015

Countries

Australia, Canada, Global, Hong Kong, Malaysia, New Zealand, Philippines, Singapore, South Africa, United Kingdom, United States

Languages

English

Support

Setup walkthroughContact supportsupport@flowrev.com

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Get started with Flowrev

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.