Revenue Recognition

Automate journal entries for revenue recognition at scale

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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
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  • 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.

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Drill down into your summary journal entries
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  • 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.
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Track every change to every transaction
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  • 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.
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Trust in our security and auditability
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  • 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.
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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.