Chargebee und DATEV

We are partners of

MID accruals and deferred income

Part of the MID Accounting Manager:

What is accruals and deferred income (pRAP)?
For payments or invoices made before the performance period, accruals and deferred income (pRAP = deferred income) ensures that income and expenses are correctly shifted to the correct period.

 

Advantages of automated accruals and deferred income
Without automation, financial accountants have to calculate and post accruals and deferred income (pRAP) manually, which is error-prone and time-consuming. Posting errors and incorrect period allocations can complicate accounting and lead to inaccurate results.

MIDbridge® takes over the automatic calculation and posting of accruals and deferred income. Payments that require accrual are automatically allocated and posted at the correct time. This saves time and effort, reduces the risk of errors and ensures correct accruals and deferrals.

By integrating MID Accounting Manager into existing systems, financial accounting is optimised and accruals and deferrals are automated and error-free. This module determines these invoices – at invoice item level – and generates monthly posting records for monthly or daily business analyses for analysis in the APP or transfer to the accounting system, e.g. DATEV.

 

Note:

  • Credit notes are taken into account; adjustment posting records are created for partial credit notes – with a date that differs from the invoice date
  • In special cases where the accrual postings cannot be created automatically, the documents are listed – so nothing is lost
  • Prerequisite: Invoices and credit notes are imported into MIDbridge® and managed there, regardless of whether the source system is a billing system (e.g. Chargebee, Solvimon, Stripe) or Excel / csv file

 

 

 

Let us calculate an example:

 

You are a SaaS provider with two great cloud applications (clients) and a total of 1,000 customers. You only bill all customers once a year.

 

You need about 1 minute per posting for accruals and deferrals. You need 13 postings for a successful accrual.

 

1.000 invoices/year * 13 postings * 1 minute
=> 13.000 minutes => 27,1 working days (each 8 hour)

 

Savings potential: 27 working days per year*

 

*If you bill monthly, the savings potential is even greater!

 

This is what our customers say:

Your satisfaction is our goal

Our customers speak for themselves - take a look at what they have to say about us and why they rely on our solutions.

    Optimisation of financial processes: MIDbridge® connects Chargebee and DATEV

    “The central management of open items in Chargebee is essential for us, as we have a large number of invoices that are posted directly to DATEV by direct debit. Thanks to MIDbridge®, it has been ensured since December 2022 that payments are correctly recorded in DATEV and seamlessly transferred to Chargebee. Particularly noteworthy is the consideration of partial payments and return debits, which has considerably simplified our accounting processes.”

    Logo Omniaretail

    Andreas Frankenberger,

    Omnia Retail

    Automation increases accounting efficiency

    “Compleet GmbH is characterized by a group-like structure that includes both parent and subsidiary companies. MID Tech responded promptly to our challenges, parameterized the interfaces professionally and thus enabled the automatic assignment of all posting records in DATEV to the corresponding company divisions. This progress has considerably structured and simplified our booking process for set 2022, which has enabled us to significantly increase our efficiency.”

    Logo Compleet GmbH

    Claudia Eckel,

    Compleet GmbH

    Automated precision

    “We create numerous invoices and look after customers all over the world. It was particularly important to us that the items were allocated precisely to the correct revenue accounts. No less important was the automated posting of the booking records and the efficient allocation to our 36 revenue accounts. All of this was made possible by the brilliant support of MID Tech, who worked wonders with an accounting code in

    pbs network

    Christoph Eberz,

    PBSnetwork

An overview of all MID applications, all in one platform.

Most commen questions:

Arrange a personal demo

See for yourself the possibilities that you can develop for your company with MIDbridge.

Arrange your free demo appointment now !

Integration in just a few steps

The implementation process

  1. Process heading

    This is just placeholder text. Don't be alarmed, this is just here to fill up space since your finalized copy isn't ready yet.

  2. Process heading

    This is just placeholder text. Don't be alarmed, this is just here to fill up space since your finalized copy isn't ready yet.

  3. Process heading

    This is just placeholder text. Don't be alarmed, this is just here to fill up space since your finalized copy isn't ready yet.

  4. Process heading

    This is just placeholder text. Don't be alarmed, this is just here to fill up space since your finalized copy isn't ready yet.

  5. Process heading

    This is just placeholder text. Don't be alarmed, this is just here to fill up space since your finalized copy isn't ready yet.

  6. Process heading

    This is just placeholder text. Don't be alarmed, this is just here to fill up space since your finalized copy isn't ready yet.