FAQ
Frequently Asked Questions that is general to Flowrev and independent of partner system used.
The recognition cadence, i.e. how often Flowrev recognizes amounts to the Income Statement (aka Profit and Loss) during the service duration, determin...
Thu, Aug 19, 2021 at 9:07 AM
For revenue recognition Flowrev works with items and invoice lines mapped to a REVENUE account or to a CURRENT LIABILITY account. Before reviewing the belo...
Thu, Dec 14, 2017 at 6:33 PM
By mapping accounts, you let Flowrev know to which accounts to defer sales amounts to, etc. During revenue recognition schedule generation the mapped accou...
Fri, Jul 15, 2022 at 7:53 AM
To help people on-board and seamlessly adopt Flowrev, Flowrev allows service start dates even prior to a period lock date, and schedule generation in period...
Fri, Nov 18, 2022 at 8:52 AM
Yes. You can map a different deferral account for each revenue or expense account. To do this for revenue accounts: go to the "accounts"...
Mon, Mar 27, 2023 at 9:34 AM
The "Percent" recognition amount computation method allows the user to specify the percent of the total line amount to b...
Fri, May 20, 2016 at 9:51 AM
When configured to do so, Flowrev can automatically set the service start and end dates for invoice or bill lines 1. eit...
Tue, Jul 12, 2022 at 3:11 PM
You can set per invoice line dates from the Invoice details page, which you can access using the details button on the "Invoices" page in the &quo...
Sat, Apr 16, 2016 at 10:13 AM
Yes. An invoice's service start date can be prior to the invoice date. The same applies for bills. For invoices and revenue recognition, this c...
Tue, Nov 13, 2018 at 7:28 AM
The invoice line's service start and end dates, in conjunction with the item recognition parameters set on the Items page or on the invoice line specifi...
Wed, Nov 16, 2022 at 6:30 PM