Stripe Revenue Recognition

Founded by Patrick Collison in 2019

Automate accrual accounting and close books faster with compliance

Cost

Paid

Rating

★ People love it

Time to value

Quick Setup (< 1 hour)

You can use Stripe Revenue Recognition to automate complex accrual accounting calculations and generate financial reports that comply with ASC 606 and IFRS 15 standards. It converts Stripe transactions into journal entries mapped to your general ledger, supports 15+ pricing models including usage-based billing, lets you create custom revenue recognition rules, and imports non-Stripe payment data. You can trace journal entries down to the customer and invoice level and export reports to external accounting systems.

What Stripe Revenue Recognition does

Generate journal entries from Stripe transactions automaticallyCreate custom revenue recognition rules for different product typesImport payment data from non-Stripe processors into one accounting viewExport accounting reports to general ledger or external accounting softwareCompare revenue performance across different time periodsDefine recognition schedules based on service period, shipment, or payment eventsTrack deferred revenue balances and changes over timeAudit journal entries at the customer and invoice levelAutomatically converts Stripe transactions into journal entries mapped to your general ledgerSupports 15+ pricing models including usage-based, metered, and hybrid billingCreate custom rules to define revenue recognition schedules per product, customer, or invoice typeImport non-Stripe payment data from providers like PayPal, Adyen, Square, and othersTraceable journal entries down to customer, invoice, and account levelReports always updated as transactions post, so books are never out of dateCompliant with both ASC 606 and IFRS 15 accounting standardsExport financial reports directly to external accounting systems and general ledgers