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Revenue Recognition options
I'm in the process of evaluating jBilling for Telecom and have not been able to find much in the way of integration to various General Ledger or accounting packages. Can someone give me some idea of how this is dealt with as it seems the jBilling workflow ends after invoice creation/distribution. I need an integrated way to get all of this data back into something like Quickbooks to close the loop.
Thanks,
David Benson
Secure Path Technology LLC
Copyright 2012 Enterprise jBilling Software Ltd. All rights reserved. jBilling is a registered trademark used under license.
Hello, The jBilling API (web
Hello,
The jBilling API (web services, usually), let you pull a lot of data from jBilling. For accounting, this typically means invoices and payment. Apart of API calls, you can also simply query the database.
On the simpler side, you can manually download the result of a report as CSV, to be imported by other applications. On the more complex side, you can write plug-ins to push/pull data from middleware.
Regards,
Paul Casal
jbilling
Paul Casal
jbilling
"Revenue recognition" is not accounting information
Revenue recognition is information for ERP and accounting systems, which is not normally possible to extract from accounts receivable information. Just as food for thought, subscription fees usually impact different accounts to usage - this is because subscription fees are totally different things from an accounting point of view (they are billed, but unearned) to traffic (billed, earned).
There is also the need for accounting systems to know what is currently awaiting billing, again with different accounts to be impacted - traffic (unbilled, earned) and subcription fees that have been created at the end of the accounting cycle, but have not yet been put on a bill (unbilled, unearned).
Each of these fees, and sometimes component parts of the fee, impacts an a pair of accounts according to a "chart of accounts" and a mapping entity which controls the mapping from product segment, time period, customer type and so forth to the accounts.