All billing, payment and revenue recognition events generate sub journal entries for straightforward reconciliation with the general ledger. The journal entries provide data on a detailed level and the rich data relationships enable controlling and ad-hoc analysis.
Ensure a solid closing process with accounting periods and synchronization of open and closed states.
With Younium, it has never been easier to understand and drill down into the details of deferred revenue, recognized revenue, invoicing and payments.
Automatically generate journals with flexible segmentation. Enabling straightforward reconciliation with the general ledger.
Every transaction comes with rich detail providing drill down functionality to all related properties like customer name, product category, and charge type. Making ad-hoc analysis and controlling smooth.
All transactions are grouped into relevant journals for invoicing, revenue recognition and payments. Along with open and closed periods it’s straightforward for the finance team to keep the general ledger updated.
Younium provides out of the box reports, eg. tax summary reports, financial account analysis reports, and journal summary reports, as well as a custom report builder. This connects the subscription data and financial numbers so no gaps occur.
More often than not, SaaS companies and subscription model businesses lack the internal control that is necessary for efficiency and scalability, especially when it comes to data and subscription management.
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