Deferred revenue tracking & revenue recognition
ProRata automatically detects new invoices created in QuickBooks and can calculate your revenue recognition schedules for each line item in the invoice.
Deferred revenue accounts are updated each month automatically with detailed journal entries. Save time by speeding up your monthly close process.
ProRata’s revenue-based reporting and dashboards give you insight into your revenue. Metrics like ARR, MRR, Churn and CLTV are all available when you first login.
ProRata can be configured to suit your needs. ProRata supports multiple products, income & deferred revenue accounts and revenue recognition rules.
We will walk you through getting your account configured. Most of the time your revenue recognition can be automated in less than an hour.
ProRata is hosted in the cloud. That means state of the art security and nothing to download or install.
No need to change your current A/R process or train users on a new software platform. Just create your customer invoices like you usually do.
ProRata can calculate revenue for each line item in an invoice.
Use bundles in QuickBooks? ProRata will read each item in the bundle automatically.
ProRata can detect any discount line items in your invoice and automatically apply them and correctly calculate revenue.
Do you bill your clients monthly, quarterly or semi-annually for your subscriptions? ProRata can calculate the total bookings when you bill your clients incrementally.
ProRata works in the background looking for new invoices. When it detects one it handles the revenue calculations for each of your products and services.
Choose from full-automated or semi-automated for more control.
Choose how revenue is recognized for each product and service.
Configure each product/service to be applied towards different deferred revenue and income accounts.
ProRata pushes deferred revenue journal entries to QuickBooks Online each month automatically.
Deferred revenue accounts are kept up to date in real-time, speeding up your month end close.
Journal entries are automatically pushed to QuickBooks Online
No need for double-entry into a spreadsheet. ProRata automates the entire process.
& deferred revenue tracking
ProRata calculates revenue schedules for your SaaS subscriptions and automatically updates your accounting software’s general ledger.
& revenue dashboards
ProRata provides additional reporting and metrics for revenue and other SaaS metrics such as:
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