With ASC 606-compliant Revenue Recognition and Deferred Revenue Reporting, eliminate complexities that might arise in your accounting and finance.
What Chargebee’s ASC-606 compliant RevRec model Accounts for
Chargebee uncomplicates revenue recognition by using your billing platform as the source. With Chargebee’s ability to solve multiple complex billing use-cases, you get an accurate, flexible, and comprehensive revenue reporting for your organisation. Also, you get to seamlessly manage recurring payments along with revenue reporting.
What if a customer upgrades or cancels mid-period? Chargebee’s Deferred Revenue Recognition module does a day-based revenue calculation. The balance amount to be recognized each month and the deferred revenue is calculated automatically. You get a periodic and comprehensive deferred revenue reporting for all plans, products, and currencies.
Revenue recognition by Chargebee is ASC 606 and IFRS 15 compliant and addresses complexities in accounting and finance for businesses of all shapes and sizes. Chargebee integrates with Softrax, for automated revenue management and accurate revenue allocation, with detailed revenue tracking and reporting customizations.
With Chargebee’s Revenue Recognition, you get a generatable report for each currency that your business handles. You also get account summary reports, which is a one-stop-shop for tracking and summarizing everything from your payments to write-offs, and makes accounting easier.