Built into Stripe
Accrual accounting doesn’t have to be complex
Stripe Revenue Recognition streamlines accrual accounting so you can close your books quickly and accurately. Automate and configure revenue reports to simplify compliance with ASC 606 and IFRS 15.
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
Instantly review detailed tables, charts, and journal entries to get a snapshot of 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
Apply to
Product ID matching “prod_Jqo2bBLbemZkRw”
Treatment
Recognise on service period start date
Define recognition schedule upon payment events
Apply to
Product description matching “monthly subscription”
Treatment
Recognise over 30 days
Ensure taxes are handled
Apply to
Invoice line items matching “tax”
Treatment
Treat as tax
Exclude test transactions
Apply to
Invoice line items matching “test”
Treatment
Exclude transactions
Define custom revenue treatment for large invoices
Apply to
Invoice amounts greater than €5,000.00
Treatment
Recognise 50% on payment and…
Define custom revenue schedule for select customers
Apply to
Customers with ID matching “cus_JqwbjAKZ8z5MGL”
Treatment
Recognise over 2 years
Switching from cash accounting to accrual accounting
Apply to
All line items before 1st Mar 2021
Treatment
Recognise on invoice finalisation
Exclude revenue from select customer invoices
Apply to
Customers with email matching “test@stripe.com”
Treatment
Exclude transactions
Define custom schedule for invoices
Apply to
All invoice line items
Treatment
Recognise over service period
Exclude revenue from destination charges
Apply to
Destination charges
Treatment
Exclude transactions
Reallocate revenue
Apply to
Invoice line items matching “bundle”
Treatment
Recognise 25% when paid, 75% over service…
Define multiple fulfilments
Apply to
Invoice line items matching “services“
Treatment
Recognise 40% when paid, 30% after 2 days…
Control when revenue is booked
Apply to
All invoice line items
Treatment
Recognise over line item service period
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.
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 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.
Simplify accounting with automated revenue reporting.
Details on what you can expect out of the box.
Subscriptions and invoices for recurring payments.