Automated revenue recognition and deferred revenue tracking
Deferred revenue tracking in QuickBooks
QuickBooks can easily be configured to allow you to track your deferred revenue with the help of ProRata.
ProRata adds deferred revenue tracking and revenue recognition capabilities that aren’t available natively in QuickBooks.
ProRata automatically calculates and tracks deferred revenue for all of your transactions: invoices, sales receipts, credit memos & refund receipts. Journal entries are then created in QuickBooks, keeping your deferred revenue account updated in real-time. ProRata also gives you SaaS and revenue reports not available in QuickBooks.