Invoices - Ability to recognise future revenue
The ability to recognise future revenue from the invoice.
Purpose: To find out the future revenue, because for some businesses the invoice that they’ve issued to their customer is the revenue for the future month.
Pippa Goodall commented
As a SaaS business this is sorely needed for our company, especially as we transact in multiple currencies too. At the moment we have to keep a spreadsheet and post journals manually.
Edward Bird commented
My Board Chair wants to see revenue recognised monthly not the whole invoice. Crazy that you don't make this possible.
Ayanda Mngoma commented
Need, need, need this! We're a wedding DJ company and clients are booking a year in advance and paying a 50% retainer upfront. We need to be able to display the full invoice, capture the retainer as current revenue, and have the remainder recognized as "deferred revenue" until the date they pay that balance.