Finance
Overview
The principles of revenue recognition are different for recurring products and services. Revenues do not necessarily correspond to cash flow and are often recognized in small increments over long periods of time. Accounting can therefore quickly become a real headache.
We facilitate the definition of revenue recognition rules based on the issuance of the invoice, the receipt of payment or the date of delivery of the service so that your service and product revenues can be recognized in accordance with your accounting rules.
Managing the chart of accounts and accounting closing dates also makes it easy to automate the export of your transactions to your accounting software on a summary or detailed basis.
Features
- Manage revenue recognition based on predefined or custom rules
- Automatically record deferred income and provisions in dedicated journals
- Configure your chart of accounts and your analytical sections on several axes
- Manage your accounting closing schedule
- Automatically export your transactions to your accounting software or ERP
- Automate VAT and local tax processing
- Have extensive audit trails and detailed management of access rights
Benefits
- Manage your financial statements quickly and accurately
- Eliminate manual revenue recognition calculations, which are often subject to error
- Improve the productivity and efficiency of your finance team
- Guarantee the integrity of financial information when exporting transactions to your accounting software
- Ensure the compliance of your VAT returns as well as your other tax returns
