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

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.