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.
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.
Instantly review detailed tables, charts, and journal entries following ASC 606 and IFRS 15 standards to get a snapshot of your business.
Customize and build rules to handle different types of revenue in line with your particular accounting practices.
Easily review your finances and prepare for external auditors. Revenue Recognition makes it seamless to trace each recognized and deferred revenue amount back to the underlying customers and invoices.
Access and export standard reports to your accounting systems.
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 recognizing 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 emphasize 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.
Simplify accrual accounting and ASC 606 and IFRS 15 compliance with automated revenue reporting.
Details on what you can expect out of the box.
Subscriptions and invoices for recurring payments.