QuickBooks revenue recognition can be a manual process, however ProRata can automate this process for your company.
Configuring QuickBooks for revenue recognition involves creating a deferred revenue account and then posting journal entries against the account periodically. Most SaaS companies who sell annual or multi-year agreements are familiar with this struggle.
ProRata automates this process by integrating directly with QuickBooks and posting journal entries as needed. This allows you to continue using QuickBooks and can eliminate hours of manual entries.
ProRata manages QuickBooks revenue recognition by collecting information about the products and services you offer. We then are able to generate your journal entries accurately every time you sign up a new customer. ProRata also offers other useful features such as invoicing, recurring billing and access to metrics on your dashboard.