Accounting for software and subscription businesses.
Recurring invoices go out on their own, and annual plans billed upfront are kept as a liability until you've earned them.
Software products, apps, subscriptions, IT platforms.
Built for how saas businesses work.
Recurring billing on autopilot
Set a plan once and Sumi raises the invoice every month or year, and reminds customers who haven't paid.
Revenue you've actually earned
Subscriptions billed in advance sit as a liability; move them to revenue as each month passes.
Cost of revenue, clearly
Hosting, cloud and third-party APIs are kept apart from overheads, so your gross margin is real.
Foreign currency ready
Bill in dollars or pounds and keep domiciliary accounts; Sumi converts at the rate you enter.
Ready the moment you sign up.
Choose “SaaS and software” when you set up and Sumi creates all of this for you. Change any of it later.
- Subscription revenue with amounts billed in advance kept as a liability
- Hosting, cloud and third-party API costs as cost of revenue
- Plans set up as monthly and yearly items
- Dashboard: recurring revenue and unpaid subscriptions
- Payroll with PAYE, pension and NHF, and invoices your customers can pay by transfer
Accounts added for saas
- 2220 Subscriptions billed in advance
- 4110 Subscription revenue
- 4120 Setup and onboarding fees
- 4130 Professional services and custom work
- 5210 Hosting and cloud infrastructure
- 5220 Third-party APIs and licences
- 6510 Payment processing fees
- 6800 Software subscriptions
- 6830 Research and development
Starter items you can edit
- Starter plan, monthly ₦15,000 per month
- Business plan, yearly ₦450,000 per year
- Setup and onboarding ₦100,000 per project
Plus a full chart of accounts: bank and cash, receivables and payables, VAT and WHT, payroll, equity and overheads.