Revenue Recognition

Automate journal entries for revenue recognition at scale

Trust the accuracy of your revenue numbers and reduce risk of revenue misstatement

Gain real-time visibility into GAAP/IFRS revenue and manual adjustments

Build scalable processes that minimize human intervention

Explore pre-close / post-close revenue numbers

Future-proof revenue recognition and be ready to grow

Automatically generate journal entries for revenue recognition
  • Performance obligations
  • Credits
  • Discounts
  • Refunds & disputes
  • Deferrals
  • Subscription amendments

Lock historical periods so if a refund, dispute, or other adjustment hits a prior period, it is rolled forward into the most current open period.

Drill down into your summary journal entries
  • Line-item journal entries are summarized into monthly waterfall reports that align with your general ledger chart of accounts.
  • Cut and slice your schedules based on any underlying data for example by membership type, region, subsidiary, or product for better analysis.
  • Easily export Leapfin's out-of-the-box reports or customize your own.
Track every change to every transaction
  • From schedule to data changes, see the account / amount / date that was impacted.
  • If internal data gets overwritten, check Leapfin’s History details to find out what happened.
Trust in our security and auditability
  • Have confidence in the security of Leapfin as we leverage industry standard security solutions and best practices. Leapfin is SOC 1 and SOC 2 compliant.
  • Give auditors access to Leapfin so they can get the support they need. Leapfin connects to all 3rd party sources so it’s easily traceable, intuitive, and easy to use.

Leapfin is like a ‘crockpot.’ Set it up over 2 half hour phone calls, turn it on, and don’t worry about it.

Bryan Schmitz

Senior Deal Desk Manager at Sauce Labs

Automate revenue recognition with Leapfin today.