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Stripe Revenue RecognitionStripe

Stripe Revenue Recognition streamlines accrual accounting so you can close your books quickly and accurately. Automate and configure revenue reports to simplify compliance with IFRS 15 and ASC 606 revenue recognition standards.

Vendor

Vendor

Stripe

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Company Website

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Product details

Revenue reporting for high-growth businesses

Stripe Revenue Recognition streamlines accrual accounting so you can close your books quickly and accurately. Automate and configure revenue reports to simplify compliance with IFRS 15 and ASC 606 revenue recognition standards.

Accrual accounting doesn’t have to be complex

As your business grows, accounting for revenue can quickly become tedious and error-prone. We built a revenue recognition solution into Stripe, so you can automate accrual accounting for your transactions and billing terms. Stripe Revenue Recognition effortlessly handles even the most complex scenarios – upgrades, downgrades, prorations, refunds, and disputes. With accurate data, you can prepare audit-ready financial statements and gain a comprehensive view of your business.

Better insights into your business performance

A single picture of all your revenue

Automatically view all your Stripe transactions and terms, and import non-Stripe data from the Dashboard.

Automated revenue reports and dashboards

Generate accounting reports that are ready out of the box. No need to dedicate engineering resources.

Configurable for your business

Create and automate custom rules to recognise revenue in line with your accounting practices. Customise your chart of accounts for streamlined mapping to your general ledger.

Audit in real time

Prepare for audits by tracing any revenue amount down to the underlying customers and transactions.

A single picture of all your revenue

Gain a complete view of all your revenue – no matter how you earned it. With Revenue Recognition, you can include the subscriptions, invoices, and payment transactions already stored in Stripe. You can import non-Stripe revenue, fulfilment schedules, contracts (through Stripe’s Salesforce CPQ connector), and service terms to consolidate all your revenue data in one place.

Automated revenue reports and dashboards

Instantly review detailed tables, charts, and journal entries following ASC 606 and IFRS 15 standards to get a snapshot of your business.

Configurable for your business

Customise and build rules to handle different types of revenue in line with your particular accounting practices.

  • Exclude passthrough fees
  • Manage tax treatment
  • Adjust recognition schedules
  • Open and close accounting periods to make historical adjustments
  • Map to your chart of accounts

Audit in real time

Easily review your finances and prepare for external auditors. Revenue Recognition makes it seamless to trace each recognised and deferred revenue amount back to the underlying customers and invoices.

Streamline end-of-month accounting

Access and export standard reports to your accounting systems.

  • Debits and credits journal entries
  • Balance sheets
  • Income statements
  • Revenue waterfall charts
  • Accounts receivable ageing reports
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