Painless Deferred Revenue Reporting
Recognize your monthly revenue and the deferred balance in Xero
across different subscription events
When it comes to accounting, monthly payments are easy to recognize. However, when you collect payments upfront for annual subscriptions, things change.
Even more so, when your customer decides to change his/her subscription cycle in terms of upgrades or downgrades.
What more? You'll have to manually calculate the revenue to be recognized over the subscription changes, and the corresponding instances of proration, with spreadsheets. Oh, the mess!
But not with Chargebee.
Your payment gateway consolidates your daily transactions into one big chunk of data and you have to manually record this data in Xero's chart of accounts. As individual entries. With each entry under specific accounts. For accurate reports.
Now, you can easily assign every invoice or line item to the correct month, with Chargebee's Deferred Revenue Reports and update the revenue to be recognized in Xero effortlessly.
