Stripe Revenue Recognition
Automate accrual accounting to close your books, fast.
Overview
Stripe Revenue Recognition is a feature within the Stripe platform that automates the process of accrual accounting and revenue recognition. It is designed to help businesses of all sizes, from startups to large enterprises, to comply with ASC 606 and IFRS 15. The solution leverages Stripe's existing transaction data to automatically generate detailed revenue reports and journal entries, simplifying the financial closing process.
✨ Key Features
- Automated Revenue Recognition
- ASC 606 and IFRS 15 Compliance
- Real-time Revenue Reporting
- Audit-ready Financial Statements
- Handling of Subscriptions, Invoices, and Payments
- Data Import from External Sources
🎯 Key Differentiators
- Seamless integration with the Stripe payments platform
- Ease of use and setup
- Comprehensive solution for the entire payment lifecycle
Unique Value: Stripe Revenue Recognition provides a simple, automated, and integrated solution for businesses to manage their revenue recognition, leveraging the power and scale of the Stripe platform.
🎯 Use Cases (3)
✅ Best For
- SaaS and subscription businesses
- E-commerce companies
- Marketplaces
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses that do not use Stripe for payment processing
🏆 Alternatives
For businesses already using Stripe, the integrated revenue recognition feature offers a seamless and cost-effective solution compared to standalone products. For those not on Stripe, the platform's comprehensive payment and financial services make it a compelling all-in-one option.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Premium Support tier)
🔒 Compliance & Security
💰 Pricing
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