Subscription boxes are the next big thing. It seems like every other commercial on TV or ad on your social media is for a “monthly subscription of this” and a “quarterly delivery of that”. Customers love the convenience of a monthly box, and subscription box-based businesses love the constant cash flow! If your business’s product is a monthly, quarterly, or yearly subscription, you can definitely relate.
As successful as this business model is, there are a few difficulties that come with it, and the top gripe is subscription billing. Subscription billing is difficult to account for in a complex enterprise system, let alone an entry-level software such as QuickBooks™. Your business needs an accounting solution that can not only handle subscription box financials, but also manage its customers, payment schedules, future invoices, and more. What’s a company to do?
Fast, smart and automatic: Boost productivity on revenue recognition with the right tools
It seems like the perfect subscription billing solutions either doesn’t exist, or simply costs an arm and a leg. This couldn’t be further from the truth! Gravity Software® (Gravity) is a cloud-based accounting solution with a subscription billing module that automates your billing cycles. Simply create a long-term contract and Gravity will automatically create deferral schedules for you! After that, you just post the monthly entries and you have a fully-functioning billing system. Software-as-a-Service (SaaS) and managed services can even be modeled in one centralized application.
Define Contract Escalations
Automatically Invoice
Automatically Process Payments
Integrate into Gravity’s Inventory Control for Automated Product Sales
Fully Integrate into Gravity’s Revenue Recognition Module
Define General Ledger Application Dates
Setup Automatic Renewals
Conduct Full Transactional Audit Trails
What’s next? Automate your subscription billing software and schedule your online demo today.
Gravity Software
Better. Smarter. Accounting.