FAQ

Frequently Asked Questions that is general to Flowrev and independent of partner system used.

What are the different recognition parameters for items / invoice lines?
The recognition cadence, i.e. how often Flowrev recognizes amounts to the Income Statement (aka Profit and Loss) during the service duration, determin...
Sat, Feb 8, 2020 at 7:08 PM
To what type of account should I assign my items/lines for proper cost and revenue recognition with Flowrev?
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
Why do I need to map accounts in Flowrev?
By mapping accounts, you let Flowrev know to which accounts to defer sales amounts to, etc.  During revenue recognition schedule generation the mapped accou...
Sun, Jul 30, 2017 at 9:50 AM
Does Flowrev support multiple deferral accounts? Can I control where Flowrev sends deferral/recognition Dr/Cr?
Yes.  You can map a different deferral account for each revenue or expense account.  To do this for revenue accounts: go to the "accounts"...
Sat, Aug 11, 2018 at 7:02 PM
How do I use the Percent computation method?
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
Can service dates be set automatically in Flowrev?
When configured to do so, Flowrev can automatically set the service start and end dates for invoice or bill lines   1. eit...
Thu, Sep 12, 2019 at 1:59 PM
How can I set different service dates for each invoice or bill line?
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
Can a subscription start date be before the invoice date? Is there a limitation on the duration of an invoice?
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 ...
Tue, Nov 13, 2018 at 7:28 AM
When does Flowrev generate a recognition schedule for an invoice/bill line?
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 specif...
Sat, Apr 16, 2016 at 10:23 AM
How can I see a list of invoices or bills on which a specific item appears?
You can do this by: clicking on "items" in the left menu bar finding the item of interest - use search or filter by (on the top right...
Sat, Apr 16, 2016 at 10:24 AM