Revenue Accounting

Revenue Accounting

Recognize Accurately, Every Close

BillingPlatform automates revenue recognition against ASC 606 and IFRS 15, so revenue accounting leaders spend less time reconciling and more time on the numbers that matter.

Request a Demo Start Guided Tour

Core Capabilities

Precision and efficiency for every revenue recognition cycle, built directly into the platform that generates the billing data in the first place.

Recognize Cleanly, By the Rules

Automate compliant revenue recognition against ASC 606 and IFRS 15, with rules built for how your business actually sells.

Learn More

One Report, Not Two Systems

Generate financial reports from billing and revenue data that already live in the same system.

Learn More

Audits That Don't Eat Your Month

Give auditors real-time access and complete documentation, without a scramble to produce it.

Learn More

Recognize Cleanly, By the Rules

Complex revenue recognition scenarios shouldn’t require a manual schedule. BillingPlatform automates compliance while giving your team the flexibility to reflect how your business actually recognizes revenue.

  • ASC 606 / IFRS 15 Compliance: Apply the 5-step revenue recognition model automatically, with accuracy built in.
  • Flexible Recognition Rules: Customize recognition rules to fit your business model instead of forcing your business into a generic template.
  • Real-Time Reporting: See revenue recognition as it happens, not just after the close.

One Report, Not Two Systems

Billing and revenue data live in the same platform, so your reports reflect what actually happened, not a reconciliation between two systems that don’t agree.

  • Unified Reporting: Combine billing and revenue data into one consistent set of reports.
  • Customizable Dashboards: Track the financial metrics specific to your business, not a one-size-fits-all view.
  • Detailed Insights: Support strategic decisions with analysis that goes beyond the standard close package.

Audits That Don’t Eat Your Month

Give your audit team what they need before they have to ask for it.

  • Detailed Audit Trail: Maintain a complete record of every transaction and change, automatically.
  • Real-Time Data Access: Give auditors direct access to accurate, current financial information.
  • Automated Documentation: Generate the documentation audits require without a manual production process.

What It Means For Your Revenue Accounting Team

Make the Close a Process, Not a Fire Drill

Handle a Complex Revenue Scenario Without a Side Spreadsheet

Multi-element arrangements and variable consideration get recognized by the same rules engine as everything else, not worked out by hand and tracked separately.

Answer the Auditor's Question Before They Finish Asking It

When an auditor wants to see how a specific transaction was recognized, you pull it up. You don't reconstruct it.

Update the Rules, Not Rebuild Them, When Standards Change

When a standard or an internal policy changes, you adjust the recognition rules in the platform instead of re-deriving your revenue schedules from scratch.

Close Without Waiting on Someone Else's Data

Revenue recognition runs off the same billing data as it's created, so you're not waiting on an export, a hand-off, or a reconciliation before you can start closing.

More Than a Billing Engine

BillingPlatform

Traditional Billing Engine

ASC 606 / IFRS 15 applied automatically
The 5-step model runs against every transaction, not a manual schedule.

Recognition can rely on manual schedules
Complex arrangements may still be tracked in spreadsheets outside the core system.

Billing and revenue recognition share one data set
Reports reconcile because they come from the same underlying transactions.

Billing and revenue recognition may be separate systems
Reconciling the two can mean explaining why they don't quite agree.

Audit trail on every change, automatically
Every transaction and modification is tracked and time-stamped without extra work.

Audit documentation can be a manual production
Pulling together what auditors need can mean a scramble before the review.

Recognition rules adapt with your business
Customize how revenue is recognized for your business model instead of forcing it into a generic template.

Rule changes may need a technical project
Adjusting recognition logic for a new scenario can require configuration work outside the accounting team's control.

Real-time recognition, not just at close
See revenue recognition as transactions happen, not only after the month ends.

Recognition may only be visible at close
Without real-time visibility, issues can surface only when it's time to close the books.

Recognition logic holds up under audit committee scrutiny
Complex judgment calls are documented and consistent, not dependent on one person's memory of why a decision was made.

Judgment calls can live in someone's head
Without a system of record for recognition decisions, institutional knowledge can walk out the door with the person who made the call.

“BillingPlatform will be a key strategic enabler of our future growth initiatives based on its ability to handle our sophisticated business, easy-to-use interface, scalability and its enterprise-class security to help our mobile operator customers more easily manage and consume our infrastructure and services to optimize their networks.”

Lena Bettermann, Vantage Towers

Head of Supply Chain, Vantage Towers

payment confirmation gocardless
gocardless logo 2022

“We look forward to partnering with BillingPlatform to extend our reach to even more businesses and provide best-in-class billing and payment technology to our joint customers.”

Andrew Gilboy, GoCardless

General Manager, North America

ccc billingplatform
ccc logo

“We selected BillingPlatform because it is an enterprise-grade solution that can seamlessly and efficiently support our diverse billing requirements. BillingPlatform’s functionality, including its ability to defer revenue with automated revenue recognition and scalability, supports operational efficiencies so we can focus on delivering new solutions across our customer base.”

Brian Herb, CCC Intelligent Solutions

Chief Financial Officer

“As part of a broader initiative to digitally transform our operations, BillingPlatform stood out in the market, not only for its innovative technology, but also its consultative approach to understand the intricacies of our business and how best to support it.”

Murray Walton, IDP

CFO