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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Revenue recognition gets complicated when HubSpot shows deal estimates and close dates while QuickBooks shows actual invoice creation and payment collection. You need real-time visibility into the complete revenue recognition process from deal closure through payment collection.
Here’s how to build real-time revenue recognition dashboards that connect both systems for accurate revenue tracking.
Build real-time revenue recognition tracking with live deal and invoice data using Coefficient
Coefficient enables real-time revenue recognition dashboards by connecting HubSpot closed-won deals with actual QuickBooks invoices. This provides accurate revenue recognition tracking that addresses the limitations of both systems’ native reporting and gives you complete revenue cycle visibility.
How to make it work
Step 1. Import closed-won deal data.
Import HubSpot deals filtered to “Closed Won” status, including Deal Amount, Close Date, Customer Name, and Deal Owner. Coefficient’s filtering ensures you only pull relevant closed deals for revenue recognition.
Step 2. Import invoice and payment data.
Import QuickBooks Invoice data with Invoice Amount, Invoice Date, Customer Name, and Payment Status. Also import Payment data to track actual cash collection for complete revenue recognition visibility.
Step 3. Configure real-time synchronization.
Set up automated hourly refreshes so your dashboard reflects new closed-won deals and corresponding invoices immediately. This provides true real-time revenue recognition visibility without manual updates.
Step 4. Build revenue recognition calculations.
Create automated deal-to-invoice matching by customer and amount, track recognition timing between deal closure and invoice creation, monitor invoice payment status for complete revenue cycle visibility, and calculate recognition variance between deal amounts and actual invoiced amounts.
Step 5. Create dashboard components.
Build monthly revenue recognition trends, deal-to-invoice conversion rates, average time from close to invoice, outstanding invoices from closed deals, and revenue recognition by sales rep or deal source using the live data from both systems.
Get complete revenue recognition visibility
Real-time revenue recognition dashboards provide visibility into the complete process from deal closure through invoice creation and payment collection. You get automated refresh capabilities for current business performance. Start building your revenue recognition dashboard today.
