Expense Recognition just got a whole lot easier
SaaSOptics enables you to capitalize, recognize, and report on Expenses such as Prepaid, Fixed Assets, and Sales Commissions automatically.
Configure your Items
Create unique Items to differentiate the expense types you’ll capitalize and recognize. Set default recognition methods and durations and easily configure the GL accounts you use for capitalization and recognition.
Add your Expense
Once you have configured your Items, start adding individual Expenses. You have a variety of options when creating new expense transactions in the system. Delaying commission payment to your sales rep until your customer pays? We’ve got you covered. Easily track Paid vs. Unpaid Expense Liabilities in SaaSOptics. We’ll handle the accounting challenges with accrued expenses on the back end.
Run your first report
Yep, it’s that easy. Once you’ve created your Items and added Expenses, you can look at your data in a variety of ways with out-of-the-box reports. Want to see Commissions by rep by period or all software subscriptions in a given period? We got you covered.