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.
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
011531
011530
011531
011530
011531
011531
011530
011531
011530
011531
011531
011528
011531
011530
011531
011530
New recurring customer
One-time fee paid
Customer upgrades their plan
New international customer, currency is automatically converted
Customer renews their plan
Customer dispute
Service period adjustment
Customer refund
Revenue data imported from outside Stripe
New recurring customer
Recognised revenue
JanDec
Deferred revenue
JanDec
Built into Stripe
Accrual accounting doesn’t have to be complex
What’s included
Better insights into your business performance
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.
Adyen
Bill.com
Braintree
Chase Paymentech
Checkout.com
Dwolla
GoCardless
PayPal
Payrix
QuickBooks
Sage Intacct
Square
Wave
WePay
Worldpay
Zoho
Card payments
Wallet payments
Cheque payments
Fulfilment schedules
Service terms
Stripe Invoicing
Stripe Billing
Stripe Payments
Stripe Connector for Apple App Store ® *
Stripe Connector for Google Play **
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.
Define revenue recognition schedule for shipments
Apply to
Payments matching “ground shipment”
Treatment
Recognise 7 days after payment is received
Ensure passthrough fees are handled
Apply to
Invoice line items matching “fees”
Treatment
Treat as passthrough fee
Define recognition schedule based on service fulfilment
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.
Reports
Streamline end-of-month accounting
Access and export standard reports to your accounting systems.
Account
Debit
Credit
Accounts Receivable
Deferred Revenue
Tax Liability
7,134,291.71lei
6,540,932.17lei
593,359.54lei
Cash
Accounts Receivable
5,238,134.99lei
5,238,134.99lei
Deferred Revenue
Accounts Receivable
Cash
Revenue
5,262,466.18lei
480,505.12lei
49,867.09lei
4,732,093.97lei
Refunds
Cash
7,139.13lei
7,139.13lei
Tax Liability
Cash
643.90lei
643.90lei
Account
Ending Balance
Net Change
Assets
93,365,553.09lei
10,709,580.51lei
Accounts Receivable
8,952,397.76lei
2,673,922.73lei
Cash
72,848,670.84lei
7,420,048.94lei
Pending Cash
2,124.02lei
790.75lei
External Asset
11,561,915.53lei
614,839.76lei
Unbilled Accounts Receivable
444.94lei
-21.67lei
Liabilities
31,974,154.71lei
4,899,301.37lei
Customer Balance
13,540.04lei
-12,594.05lei
Deferred Revenue
30,521,615.12lei
4,708,445.83lei
Tax Liability
1,334,102.43lei
166,371.25lei
Passthrough Fees
104,897.12lei
37,078.34lei
Account type
Account
Net income
Revenue
Revenue
10,206,925.75lei
Contra Revenue
Bad Debt
-10,035.10lei
Contra Revenue
Credit Notes
-715.11lei
Contra Revenue
Disputes
-356.12lei
Contra Revenue
Refunds
-16,471.59lei
Contra Revenue
Voids
-11,692.83lei
Expenses
Customer Balance Adjustments
-19,261.46lei
Expenses
Underpayments
-1,371.01lei
Gains
Recoverables
164.16lei
Losses
FX Loss
-15.17lei
We’re moving everything to Stripe, so all of this complex work will disappear. Before Stripe, closing our books meant checking each contract manually and pasting them into an Excel file with a very complicated formula. We can’t be done with that soon enough.
Automatically recognising revenue with Stripe gives me peace of mind because the data is accurate. Stripe does all the calculations of deferred revenue, plus I can use transaction overrides to make historical updates.
I can’t emphasise enough how important it is that Stripe offers a revenue recognition product built-in. It saves us days at our monthly close and frees up our accounting teams to focus on more value-added activities.
We need to reconcile all kinds of payments – monthly, up-front, and even per container. There’s no room for error as we need to be GAAP compliant. With Stripe, revenue recognition is built in and automated.
Pricing
Simple, transparent pricing
Ready to get started?
Simplify accrual accounting and ASC 606 and IFRS 15 compliance with automated revenue reporting.
Move your back office forward
Grow faster and operate with more agility using our revenue and finance automation platform.
Bill customers with Stripe
Subscriptions and invoices for recurring payments.
*Apple and App Store are trademarks of Apple Inc., registered in the U.S. and other countries and regions.