looking at a potential client [but not for direct accounting] who is in the software/saas business, UK incorp & based - no subs or overseas branches
5+ years trading and 'Billings' now getting @ 3m pa , and are paying chunky CT ! Billings+users registrations are global with £ $ + Euro enominated transactions
as to Deferred Revenue -
they do a rough and ready spreadheet calc @ year end.. hmm
So : What do sophisticated Sage50 users/ Companies use as addins, or best of breed, for Deferred Revenue and monthly turn over vaildation. Is /are these dynaically linked or report to post to SAGE. I am guessing Sage do not have a module/addin, so it must be 3rd party. Appreciate any end user experiences or advice on what to have/not to have. The client would have several deferred revenue 'categories/lines' and £ $ Euro billings
VAT
substantial % now of gross billings are envisaged to ex UK companies with ex UK login registrants. Big % is to EU countries. Some US balance APAC As the subscriber has to login with their unique ID, i am therefore now assuming that the service is subject to VAT MOSS registration + regime for the EU element ? Would appreciate some vat moss user experiences
Finally if not sage50 what have business tended to migrate to as an upgrade path
they have developed their own unique platform and seemingly have not yet made any R&D claims - how far back can one submit claims ?
many thanks for positves responses in advance = off to google to get googled up - but its always generic!
Replies (2)
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Zuora manages subscription and deferred income and also I believe can output to Sage.
Of course if not stuck on Sage then we'd welcome talking to them about Aqilla which does pretty much of what they probably need.
Finally on the R&D Tax credit backlog, a company can make a restrospective claim for R&D tax relief for the periods ending in the past two years.