Flowrev can help your business
Planned growth
- Strategy and Planning
Tasks for Accountants and Bookkeepers
- Review or adjust record keeping
Reporting for Accountants and Bookkeepers
- External reporting
- Internal reporting (not for compliance)
Help and advice for business
- Forecasting
Overview
Flowrev is cloud-based prepaid expense and revenue recognition software designed for companies using Xero. Automate revenue recognition, stay compliant with accounting standards (IFRS15, ASC606), and eliminate time consuming spreadsheets to close faster and deliver more accurate financials and forecasts.
Accurate Revenue Recognition - Recognize revenue and expenses accurately when the performance obligation has been satisfied, ensuring compliance with ASC 606 & IFRS 15.
Automated Recognition Schedules - Generate flexible recognition schedules based on billing cycles, subscription terms, and recognition parameters.
Seamless Change Handling - Handle contract changes with a clear audit trail. Easily manage recognition for upgrades, downgrades, cancellations, and renewals.
Real-Time Metrics & Reports - Keep your MRR, ARR, churn and deferred revenue reports consistent and up to date.
Eliminates Manual Processes - Say goodbye to spreadsheets, error-prone manual processes, messy workarounds, and inconsistent revenue reporting.
Delivers High Value - Deploy intelligent revenue recognition software with SaaS pricing. Subscriptions start at US$50/mo.
Flowrev + Xero
Flowrev is a Xero certified partner app.
Users can easily pull transaction data into Flowrev, automatically generate revenue and cost recognition schedules and journal back to Xero with the click of a button.
Create reports real-time for revenue waterfall, deferred revenue balance with run-off, or metrics such as MRR/ARR, churn, repeating invoice-based forecasts, and more. External custom reports are also simple to create using the schedule data export, which is valuable for backup and audit too.
Changes to transactions in Xero are easy to review and adjust with the built-in schedule checkers, which highlight transaction changes requiring follow-on revrec/costrec processing.
Flowrev supports Invoices, Credit Notes, Bills, Receive Money, Spend Money, Repeating Invoices including:
- Tracking categories
- Multiple currencies
- Product / Services items
- Multiple deferred revenue and recognition accounts
Getting started
Sign up for a free trial with Flowrev and connect your Xero company(s) to automatically import your chart of accounts, etc.
Depending upon requirements, such as single or multiple deferred revenue accounts, complete a one-time baseline or advanced setup.
Load your transactions and create schedules utilizing automatically applied, intelligent revenue recognition rules, or customize the settings on each transaction.
Click each month's sync button to journal the schedules created.
For step-by-step instructions see How to Get Started with Flowrev.
Contact us at anytime for help.
