Flowrev vs TrueRev

Flowrev is an online cost and revenue recognition service for subscription, SaaS, usage-based, percentage-complete, milestone and other business models. It connects to Xero and QuickBooks Online through their APIs and supports synchronization of accounting data, locking and one-click journaling. Recognition schedules can run once, monthly, quarterly, yearly or on a custom cadence, using per-diem, even-period, percent or template calculations. Service dates can be taken from invoices or calculated automatically. Flowrev checks schedules as they are created, explains triggered checks and keeps an audit trail of changes. Built-in reports cover MRR, ARR, revenue and cost waterfalls, deferred revenue, prepaid expenses, and future revenue and bookings forecasts. The company says its recognition process supports GAAP/ASC 606 and IFRS 15. A free 14-day trial requires no credit card and allows data export at any time. Organization plans start with Bronze at $50 a month, for up to 300 active revenue or cost schedules per year.

TrueRev is a subscription and financial operations platform for B2B SaaS businesses, with tools for revenue schedules, billing, contracts, and subscription metrics. It provides auditable revenue schedules and supports ASC 606 compliance. Billing can follow monthly, quarterly, or annual schedules, and invoices can be sent automatically through QuickBooks.

The platform reports MRR, ARR, bookings, churn, cash flow, gross and net retention, logo count, and expansion revenue. It tracks new deals, upgrades, cancellations, expansions, and renewals. Listed features also cover deferred revenue, scheduled invoices, journal entries, shared reports, document management, evergreen contracts, SSP allocation, performance obligations, and contract modifications.