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I never found the right solution (ChartMogul has issues with when they recognize revenue. It's based on payment instead of the period the invoice/subscription i

I never found the right solution (ChartMogul has issues with when they recognize revenue. It's based on payment instead of the period the invoice/subscription is for). Anyone have any tips to share about what they use?

ezekg 6y ago
That’s one of the many reasons I wrote this Rake task!
cj 6y ago
Baremetrics revenue is based on the subscription period rather than payment date. (A few years ago they made the switch to that model rather than by payment date)
molsongolden 6y ago
I'm assuming that when you say "instead of the period the invoice/subscription is for" you mean that the invoice isn't being split and recognized across a multi-month service period. Most products will call this Revenue Recognition. Some basic SaaS analytics/metrics products don't offer this functionality but it can be a hassle even with the ones that do. The accuracy will always depend on clean invoicing hygiene when the invoices are created. e.g. if you create a subscription in Stripe and have modeled it properly using products, prices, etc... then the metadata for revenue recognition will be available but if you generate an invoice and write "Annual subscription 1/1/21 - 12/31/21" as the line item description then every tool will recognize that amount in full on the invoice date. Revenue recognition might be a separate add-on for ChartMogul but I think they can do it. Chargebee and Recurly also do subscription management and maintain revenue recognition reports. Stripe semi-recently added revenue recognition to the billing dashboard. Some companies build a waterfall schedule in Excel then manually record revenue every month.
- molsongolden 6y ago
  This sounds a little abrupt on a reread! Feel free to reach out (email in profile) if you'd like to quick chat about the reports you have now and the reports you'd like to see.
inopinatus 6y ago
Like OP, a very small script that actually understands accounting.
michalbugno 6y ago
Reach out to us (https://getprobe.io https://getprobe.io) and we will work with you very hands-on to get to a state where you trust your data :)

ezekg 6y ago

That’s one of the many reasons I wrote this Rake task!

cj 6y ago

Baremetrics revenue is based on the subscription period rather than payment date. (A few years ago they made the switch to that model rather than by payment date)

molsongolden 6y ago

I'm assuming that when you say "instead of the period the invoice/subscription is for" you mean that the invoice isn't being split and recognized across a multi-month service period. Most products will call this Revenue Recognition. Some basic SaaS analytics/metrics products don't offer this functionality but it can be a hassle even with the ones that do. The accuracy will always depend on clean invoicing hygiene when the invoices are created. e.g. if you create a subscription in Stripe and have modeled it properly using products, prices, etc... then the metadata for revenue recognition will be available but if you generate an invoice and write "Annual subscription 1/1/21 - 12/31/21" as the line item description then every tool will recognize that amount in full on the invoice date. Revenue recognition might be a separate add-on for ChartMogul but I think they can do it. Chargebee and Recurly also do subscription management and maintain revenue recognition reports. Stripe semi-recently added revenue recognition to the billing dashboard. Some companies build a waterfall schedule in Excel then manually record revenue every month.

molsongolden 6y ago
This sounds a little abrupt on a reread! Feel free to reach out (email in profile) if you'd like to quick chat about the reports you have now and the reports you'd like to see.

inopinatus 6y ago

Like OP, a very small script that actually understands accounting.

michalbugno 6y ago

Reach out to us (https://getprobe.io https://getprobe.io) and we will work with you very hands-on to get to a state where you trust your data :)