Reduce compliance risks and audit costs associated with ASC-606 and IFRS-15 accounting guidelines. Automate revenue recognition processes complicated by diverse sets of subscription contracts and pricing models.
Recurly’s automated and scalable billing workflows help increase efficiencies in our finance processes. Our finance and accounting teams now have access to clean data with clear audit trails for accurate and efficient reporting.Read case study
Revenue recognition is an accounting principle that defines when and how revenue may be recognized. There are different accounting standards that define how and when revenue can be recognized, such as GAAP in the US, and IFRS in other parts of the world like the European Union.
Revenue compliance refers to a merchant’s ability to adhere to various revenue recognition rules, standards, and best practices.
Both ASC-606 and IFRS are revenue recognition standards that affect all businesses that enter into contracts with customers to transfer goods or services–including subscription businesses. Here’s everything your subscription business needs to know about ASC-606.
Recurly automates the revenue recognition process for high-volume subscription businesses, helping you comply with revenue recognition standards.