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What is Flowrev?
Flowrev offers a robust solution for automating the recognition of deferred revenue, unbilled accounts receivable, and prepaid expenses, streamlining accrual accounting for businesses of all models such as subscription, SaaS, usage-based, percent complete, and milestone. Seamlessly integrating with Xero and QuickBooks Online, Flowrev enables organizations to eliminate manual spreadsheets and reduce error-prone processes, supporting real-time syncing and bulk schedule creation for efficient, accurate financial close cycles.
With built-in intelligent recognition methods, Flowrev ensures compliance with GAAP/ASC 606 and IFRS 15 standards, while providing users full transparency and control over audit-ready recognition schedules. Companies benefit from instant reporting on key financial metrics like MRR, ARR, churn, and deferred revenue, supported by secure, multi-entity access and export options. The tool is designed for ease of use and quick onboarding, featuring a one-click data sync and flexible, configurable scheduling options.
Features
- Cloud Integration: Seamlessly connects with Xero and QuickBooks Online
- Automated Recognition: Automates deferred revenue and expense scheduling
- Real-Time Metrics: Provides up-to-date financial reports and KPIs
- GAAP/IFRS Compliance: Ensures adherence to ASC 606 and IFRS 15
- Bulk Journal Creation: Generates and processes revenue and cost schedules in bulk
- One-Click Sync: Instantly updates schedules and financial data
- Intelligent Cadence: Flexible and smart recognition computation methods
- Detailed Audit Trails: Full transparency and control over recognition schedules
- Multi-Currency Support: Handles multiple currencies for global operations
- Multi-User Access: Enables collaboration across teams and entities
Use Cases
- Automating revenue recognition for subscription-based businesses
- Ensuring financial compliance for SaaS companies
- Managing milestone or usage-based revenue streams
- Eliminating manual calculations and spreadsheets in accounting
- Accelerating the financial close process
- Preparing accurate, audit-ready revenue schedules
- Enhancing real-time reporting and forecasting for finance teams
- Consolidating recognition across multiple business entities
FAQs
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What accounting systems does Flowrev integrate with?
Flowrev integrates with Xero and QuickBooks Online for seamless data sync and automation. -
Is Flowrev compliant with accounting standards?
Yes, Flowrev ensures compliance with GAAP/ASC 606 and IFRS 15 accounting standards. -
How does Flowrev help with revenue recognition?
Flowrev automates the creation of revenue and expense recognition schedules, reducing time, manual errors, and complexity. -
Can multiple users access Flowrev simultaneously?
Yes, Flowrev supports multi-user access and collaboration across organizations. -
Does Flowrev support multi-currency transactions?
Yes, Flowrev offers multi-currency support for global financial operations.
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Flowrev Uptime Monitor
Average Uptime
100%
Average Response Time
468.33 ms
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