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REVENUE RECOGNITION
Define and Report Recognized Revenue Accurately
Recognizing revenue on fixed projects has never been easier—get maximum clarity from your financial reports.
What Is Revenue Recognition?
Revenue recognition is an accounting principle that explains when revenue is counted as earned. As you grow as a business, this becomes essential. Through recognition of earned revenue, you can:
Get a more accurate overview of your fixed fee revenue
Understand which financial items contribute to recognized revenue
Stay aware of spikes in profit and loss
Revenue Reports, Done Right
No more inaccuracies in your financial data. Align reporting with your Finance and Accounting teams, and choose between two ways of reporting revenue from fixed services; spread across time or recognized on a single date.
Our project management team looks at all their projects and balances all their resources and sees if we have any holes or if we’re fighting over the same resources.
Orion Jensen
CEO, CLEAR LAUNCH
Optimize Operations With Productive
Switch from multiple tools and spreadsheets to one scalable professional services platform.
Book Upcoming Work With Placeholders
Use placeholders to create scenarios for hiring additional staff or contractors. Get a better overview of upcoming costs.
Plan First, Confirm Later With Tentative Bookings
Plan ahead with tentative bookings by creating a rough resource plan for new business or active project work.
Schedule Teammates to Make Time Tracking Easier
Book time in advance to spare teammates the task of tracking. Suggestions from Resourcing will then pop up and make filling out timesheets faster than ever.
