The guide on this topic is coming soon. In the meantime, please contact our support team at [email protected] for assistance.
Category: Advanced Settings
Synder RevRec: how to remove certain subscriptions from being recognized
If you’d like Synder RevRec to skip a certain subscription from being recognized (due to your business flows, or due to accounting or reporting reasons), the guide below will explain how you can do this. When Synder is composing a Revenue Recognition Journal Entry, it looks at the mapping of products and income accounts to […]
Synder RevRec: Skipped RevRec entry with the “synced with warnings” status
Problem: Sometimes you may see a Revenue Recognition Journal Entry that was completely skipped and nothing was synced to your books. The entry will have the “synced with warnings” status, and the message will say:“All the products in this entry have the same account linked in revenue recognition plans mapping and in your books. The […]
Synder RevRec: Discounts recognition
There are many ways discounts may be allocated for revenue recognition. Sometimes discounts are not essential for a business to track, and they recognize the already discounted item totals. For other businesses, it is important to track discount amounts, but it is not important when, so the discount may be recorded right away into the […]
Revenue Recognition simplified: group journal entries for all subscriptions into one
The guide on this topic is coming soon. In the meantime, please contact our support team at [email protected] for assistance.
Optimizing Client Management in Synder: A Guide for Accounting Firms
The guide on this topic is coming soon. In the meantime, please contact our support team at [email protected] for assistance.
Managing $0 Invoices: Synder’s Approach and Custom Solutions
Invoices with a value of $0 can appear in your payment platform or ecommerce system due to various reasons such as promotional offers, customer rewards, or zero-dollar authorizations. While these transactions might not have a direct monetary impact, they play a crucial role in maintaining comprehensive records and can be vital for various business analyses. […]
Revenue Recognition Methods in Synder RevRec
Revenue recognition can be done differently by different accounting firms because of various reasons. But ultimately, it all comes down to a trade-off between accuracy and time spent on revenue recognition. Synder offers a solution designed specifically for subscription based businesses using Stripe and accounting firms serving such businesses to provide them with the most […]
What is Colorado Retail Delivery Fee and how to handle it using Synder?
What is Colorado Retail Delivery Fee? On July 1, 2022, Colorado imposed a retail delivery fee of $0.27 on all deliveries by motor vehicle to a location in Colorado with at least one item of tangible personal property subject to state sales or use tax. The retailer or marketplace facilitator that collects the sales or […]
There is no income account associated with the item xx. error and how to fix it
This guide will help you understand and fix failed transactions with the error “There is no income account associated with the item” in a simple and easy-to-follow way. Reason for the Error: The error occurs when there’s a product (or products) in your transaction that doesn’t have an income account linked to it in your […]