3 Things Subscription Businesses Gain With Accounting Automation (and 3 Big Things They Lose)
Subscription businesses have unique challenges when it comes to revenue accounting. In particular, meeting ASC 606 compliance requirements and getting the most accurate picture of revenue – both demand diligence in process and, more importantly, clean data.
And achieving both still takes significant manual effort. Manipulating raw transaction data from Stripe to be accounting-ready, and using VLOOKUP to connect transactions for proper reconciliation? It’s PAINFUL. But it doesn’t have to be. Here are practical tips and tactics to make your life easier at month-end.
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In this session, you’ll learn how to:
Automatically convert Stripe transactions into accounting-ready data for your GL to reduce endless, untenable spreadsheet work
Seamlessly connect purchases with disputes and refunds
Accurately account for deferred revenue and failed payments in a timely manner