Revenue Recognition
ChargeOver will automatically calculate deferred and recognized revenue totals.
There are two ways to ensure that recognized revenue is reflected in QuickBooks.
Recognizing revenue with ChargeOver and QuickBooks Online
To track this data in QuickBooks as well, you will want to journal entry deferred revenue to recognized revenue each month in QuickBooks.
Learn more about revenue recognition with QuickBooks Online.
Recognizing revenue using QuickBooks Online Advanced's native functionality
Some editions of QuickBooks (for example, QuickBooks Online Advanced
) have some limited
built-in revenue recognition support, but will produce less detailed and less accurate
reporting when compared to ChargeOver.
For the most accurate reporting, use ChargeOver's revenue recognition reporting.
Learn more about revenue recognition with QuickBooks Online Advanced.