Stripe Revenue Recognition

Founded by Patrick Collison in 2022

Automate accrual accounting and generate audit-ready financial reports complying with international accounting standards

Pricing model

Paid

Rating

★ People love it

Time to value

Quick Setup (< 1 hour)

You can use Stripe Revenue Recognition to automate your accrual accounting and meet ASC 606 and IFRS 15 compliance standards. The system translates customer billing, subscriptions, invoices, and refunds directly into traceable journal entries mapped to your general ledger accounts. You can set custom rules for complex pricing models like usage-based billing, milestones, and multi-element arrangements. It also lets you import financial data from third-party payment processors, track deferred revenue, and export clean financial reports to accelerate your monthly book closing process.

What Stripe Revenue Recognition does

Configure revenue recognition rules for specific product IDs and line itemsGenerate debits and credits for general ledger accountsImport external transaction data from third-party payment gatewaysMap transaction categories directly to chart of accountsTrace deferred revenue calculations back to original customer invoicesExport monthly financial statements and journal entry summariesAutomates compliance reporting for ASC 606 and IFRS 15 standardsTranslates billing transactions directly into general ledger journal entriesSupports complex pricing models including usage-based and hybrid billingAllows setting custom rules for deferred and recognized revenue schedulesImports payment and transaction data from external payment processorsTraces revenue data down to individual customer invoices and accountsExports financial tables and balance sheets directly to accounting software

Pricing breakdown

Pricing model: Paid

Tutorials & Demos

Frequently asked

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