Revenue accounting automation for high-growth businesses
Stripe Revenue Recognition turns complex accrual accounting calculations into automated reports. Close your books same-day, accurately, and in line with IFRS 15 and ASC 606 standards directly from the Stripe Dashboard.
Built into Stripe
Take the complexity out of revenue recognition
What’s included
Everything you need to keep your books up to date and accurate
A centralised revenue subledger
Gain a complete view of all your revenue – no matter how you earned it. All your subscriptions, invoices, and payment transactions processed on Stripe are already included.
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
Stripe Connector for Apple App Store ® *
Stripe Connector for Google Play **
Same-day automated accounting reports
Instantly review detailed tables, charts, and journal entries following ASC 606 and IFRS 15 accounting standards to get a snapshot of your business.
Automated across billing models
Eliminate manual accounting for new pricing strategies. Stripe Revenue Recognition automatically calculates revenue allocations for all Stripe billing models, including pay-as-you-go and metered models – no code needed.
Configurable for your business
Customize and automate rules to handle different revenue types in line with your 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 5,000.00Ft
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
Use current data to audit, analyse and report revenue
Trace journal entries down to the customer, invoice, and account level with consistently updated data.
Reports
Speed up month-end close
Access journal entries and financial reports that are updated as transactions post. Compare performance across any time period, and export to your accounting systems and general ledger.
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.
Pricing
Simple, transparent pricing
Ready to get started?
Simplify revenue recognition and ASC 606 and IFRS 15 compliance with Stripe.
Move your back office forward
Grow faster and operate with more agility using our revenue and finance automation platform.
Bill customers with Stripe
Subscriptions and invoices for recurring payments.