Revenue Recognition, Ecommerce and Cash Flow
I have two accrual clients. One, a small lodge using "Little Hotelier" reservation software entailing deposits for future stays, deposit refunds, final payments prior to confirmation etc. The other is a non-profit educational institution using woo commerce with payment plans for tuition. I have researched the revenue recognition feature and am happy to know I can automate transfers from Deferred Revenue to Earned. I don't have the bandwith to create a plugin that would integrate the Little Hotelier lodging to QBO such that the revenue recognition could be used. I would like to talk to someone who is using it with the woo commerce app. I would like to solve this is in the simplest way possible for cash flow projections and accurate recording of revenue