What is the best revenue recognition software?

The best revenue recognition software depends on your team's size and goals. DualEntry is built for finance teams at scaling companies and automates everything from contract parsing to multi-layered allocations and audit-ready reporting, all in real time.

Revenue Recognition Software

Q: What accounting software offers automated revenue recognition?

DualEntry offers native automated revenue recognition, built for finance teams at scaling companies. It tracks and reports complex billing, multi-entity setups, and compliance requirements without secret charges, add-ons or manual work.

Q: What is revenue recognition in SaaS?

The difference of revenue recognition in SaaS, is that you should record the revenue as it's earned, not when the payment is received. For example, annual subscriptions should be recognized monthly over the service period and now when the annual subscription is paid. This way your financials reflect actual performance and stay ASC 606 compliant.

Q: How does DualEntry automate revenue recognition?

DualEntry automates revenue allocation & audit trails, provides intelligent forecasting, and dynamic reclassification. It also supports multi-entity & currency recognition, and custom revenue models, so scaling teams can close faster and stay compliant.

Q: Is DualEntry ASC 606 & IFRS 15 compliant?

Yes DualEntry is compliant with all accounting regulations including ASC 606 & IFRS 15.

Q: Can DualEntry handle contract modifications or forecasting?

Yes it can. DualEntry tracks contract modifications in real time and adjusts revenue schedules automatically. It also provides intelligent forecasting, giving you accurate predictions into future revenue based on performance, usage, and billing trends.

Q: Does DualEntry integrate with billing or CRM systems?

Yes, DualEntry integrates with all major billing and CRM systems. That means no duplicate entry, fewer errors, and fully automated revenue recognition from quote to close.

Revenue recognition, your way

Less manual work. More accuracy and efficiency. Discover AI-powered revenue-recognition solutions that adjust to your contracts and make reporting seamless.

13,000+ native integrations

Get financial clarity faster

Copilot

Optimize your revenue-recognition strategy with DualEntry's intelligent suggestions. Let AI analyze contract structures, industry standards, and your historical data to recommend the most appropriate recognition methods. Automatically ensure compliance with IFRS 15 and ASC 606 while reducing manual decision-making.

Contract parsing

Streamline your contract-management process with AI-powered contract parsing. DualEntry automatically extracts key data from contracts, including performance obligations, payment terms, and billing schedules. This automation eliminates manual data entry, reduces errors, and accelerates the onboarding of new contracts.

Anomaly detection

Enhance your financial integrity with advanced anomaly detection. DualEntry AI identifies potential revenue-recognition errors, irregularities, or fraudulent activities by comparing current patterns with your historical data. This real-time monitoring keeps your enterprise audit-ready and shielded from financial risks.

Predictive insights

Gain a clear view of your financial future with AI-driven forecasting and analysis. DualEntry generates predictive revenue forecasts based on historical trends, customer behavior, and market conditions. View dynamic revenue waterfall charts and get deep insights into future recognition schedules and the impact of contract changes or renewals.

Stay audit-ready and compliant

Continuous compliance

DualEntry keeps you compliant by monitoring FASB and GASB guidelines and automatically adjusting for ASC 606, IFRS 15, SOX, ASC 842, and ASC 340-40.

Comprehensive audit trails

DualEntry's audit trails track every revenue-recognition activity in a subledger. You can trace recognized and deferred revenue back to the customer, invoice, and contract.

Auditor-friendly reporting

Quickly generate detailed, drillable compliance reports that make it easier to review and reconcile recognized revenue with contract documents and change orders.

Flexible period management

Keep precise records with adaptable controls. Open or close periods for historical adjustments, and view projected GL impacts for both entire contracts and individual performance obligations.

Work with multiple books, currencies, and entities

Multi-entity management

Consolidate revenue across multiple entities seamlessly—with automatic eliminations for any intercompany contracts—to support intricate corporate hierarchies.

Multi-currency mastery

Recognize revenue in 180+ currencies and 240+ countries, with automated conversion at contract signing, payment, and recognition points. Always work with live exchange rates.

Multi-book automation

Post to your books in real time as transactions are made. Benefit from standalone selling prices, revenue rules, and other book-specific arrangements that cut out time-consuming data entry.

Turn raw data into strategic foresight

Real-time dashboards

See instant insights on customizable dashboards. Visualize revenue waterfalls, forecasts, and variances by product, geography, or currency.

Multi-level reporting

Access or generate detailed revenue reports by sales order, customer, or period. Drill back into source documents in just a few clicks.

Contract-level tracking

Monitor revenue at contract level, and split revenue across multiple obligations within one contract. Get alerts when recognition schedules are due or overdue.

Intelligent forecasting

See insights into ARR, churn, downgrades and other trends in your revenue workflow. Plus, track collections to easily spot any revenue leakage.

Variable consideration handling

Handle complex scenarios like partial recognition, discounts, and rebates. DualEntry adjusts revenue automatically.

Scenario planning

Prepare for various outcomes with advanced scenario-analysis tools. Project revenue under different contract terms or conditions, enabling better risk assessment.

Work with the flexibility you need

Easy contract modifications

Track amendments and change orders, and trigger automatic recalculation of recognition schedules in your CRM platform. DualEntry supports prospective and retrospective adjustments.

Audit-ready allocations

Standardize allocations with predefined rules and SSPs, reducing audit risk. Define SSPs with constant or dynamic formulas, and add custom dimensions for multiple SSPs per item.

Full flexibility

Customize revenue recognition with flexible arrangements. Modify plans individually or in bulk, and DualEntry updates totals and posts the adjusted entries to your GL. Set up adaptable pricing models to suit your needs, whether you're selling services or digital- or use-based products.

Automate revenue recognition

Commission management

Automate commission deferral and amortization with smart rules. DualEntry defers the right amounts over customer lifetimes and applies accurate recognition rules.

Adaptive recognition

Automate deferred-revenue schedules and easily manage complex scenarios like multiple obligations or mid-cycle changes. DualEntry auto-adjusts for subscription changes, cancellations, and renewals.

Dynamic reclassification

See revenue reclassify in real time as conditions change. DualEntry continuously updates classifications, keeping things accurate and compliant without manual work.

Make advanced recognition methods feel effortless

Performance-based recognition

Set up milestone-, usage-, or cost-based revenue recognition. Track obligations and usage, and let DualEntry auto-recognize revenue as thresholds are met.

Variable consideration

Manage contracts with uncertain payments easily. DualEntry AI calculates and adjusts revenue based on expected values, even with rebates or refunds.

Time-based recognition

Handle subscription, over-time, and units-of-delivery recognition. Get automatic calculation and recording of revenue based on contract duration.

Customizable rules

Tailor revenue recognition to your business needs. Define custom recognition patterns, and override standard rules for exceptional cases.

SSP library

Save time on revenue allocation with a Stand-Alone Selling Price (SSP) library. Auto-sync with your price book and policies for consistent, compliant allocation across contracts.

Bring in your CRM, AR, and billing tools

Use DualEntry as your single source of truth for revenue data. Auto-sync contract and billing details across platforms like Salesforce, Stripe, and Chargebee, and connect to 13,000+ global bank feeds in real time.

Pulling the details of your closed-won contracts from your CRM platform, DualEntry automatically generates revenue-recognition patterns that align with their product and service periods.

Everything you need from
a revenue recognition software
without the extra charges

Feature
AI copilot Get intelligent suggestions based on contract structures, industry standards, and historical data, ensuring compliance with IFRS 15 and ASC 606	Not available	Not available	3rd-party required (NetSuite AI in progress)
AI contract parsing DualEntry AI automatically extracts key data from contracts to cut manual entry and reduce errors	Not available	Not available	3rd-party required (document AI limited)
AI anomaly detection DualEntry AI identifies potential revenue-recognition errors, irregularities, or fraudulent activities by comparing current patterns with historical data	Not available	Not available	3rd-party required (Anomaly AI currently rolling out)
AI predictive insights Generate AI-driven forecasts based on historical trends, customer behavior, and market conditions	Not available	Not available	3rd-party required (NetSuite AI Advisor limited)
AI risk assessment	Not available	Not available	Not available
AI cost analysis	Not available	Not available	Not available
AI-generated interactive summaries	Not available	Not available	Not available
AI narratives	Not available	Not available	Not available
Scenario planning Project revenue under different contract terms or conditions for strategic decision-making and future risk assessment	Not available	Not available	3rd-party required (NS Planning & Budgeting)
Variable consideration handling Manage complex revenue scenarios with flexible recognition capabilities	Not available	Not available	Manual calculation
Intelligent forecasting Track collections to spot revenue leakage and benefit from revenue waterfall visualization	Not available	Limited trend tools	NetSuite Planning module required
SSP library Save time on revenue allocation with an SSP library, automatically syncing with price books and recognition policies	Not available	Not available
Commission management Automate deferral and amortization of commissions with intelligent rules, identifying portions to be deferred over customer lifetimes	Not available	Manual setup needed
Adaptive recognition Handle complex scenarios effortlessly, from multiple performance obligations to mid-cycle changes, automatically adjusting for subscription modifications and cancellations	Not available	Not available
Dynamic reclassification Real-time revenue reclassification as conditions change	Not available	Manual journal entries
Performance-based recognition Milestone-based, usage-based, or cost-to-cost revenue recognition	Not available	Manual effort via Projects
Time-based recognition Manage subscription plans, over-time, and units of delivery revenue recognition, automatically calculating and recording revenue based on contract duration	Manual entries only	Manual entries only
Audit-ready allocations Standardize the allocation process with predefined rules and SSPs to reduce audit risks	Not available	Not available
Multi-layered allocations Complex revenue allocations across multiple performance obligations, products, or services; supporting bundled offerings with AI-suggested allocations	Not available	Not available
Custom revenue arrangements Tailor revenue recognition to your needs with custom arrangements. Modify plans individually or in bulk	Not available	Not available
Multi-level reporting Generate comprehensive revenue reports at multiple levels, covering sales orders, customers, and accounting periods. Drill back easily into source documents	Manual class-based	Limited to dimensions
Real-time dashboards Customizable revenue dashboards to visualize revenue recognition, forecasting, and variances across multiple dimensions	Limited visuals	Requires SAP HANA
Multi-book automation Post to your books in real-time as transactions occur, with book-specific arrangements for SSPs and revenue rules	Not available	Not available
180+ currencies and 240+ countries Recognize revenue in 180+ currencies and 240+ countries with automated conversion at contract signing, payment, and recognition points based on live FX rates	Limited editions	~50 country localizations
Multi-entity management Consolidate revenue across multiple entities, with automatic eliminations for intercompany contracts	Manual consolidations	Requires intercompany add-on
Flexible period management Open or close periods as needed for historical adjustments while viewing projected GL impacts for entire contracts and individual performance obligations	Fixed 12-month	Basic fiscal settings only
Automated audit trails Automatic logging of every revenue-recognition activity in a subledger, allowing auditors to trace recognized and deferred revenue amounts back to the customer, invoice, or contract	Limited audit logs	Basic change log
Auditor-friendly reporting Create detailed, drillable compliance reports for easy review and reconciliation of recognized revenue with contract documents and change orders	Missing full compliance tools	Manual IFRS/GAAP controls
Automated revenue allocation DualEntry AI automates and optimizes intricate allocation processes across multiple performance obligations in bundled contracts	Not available	Not available
Contract-level tracking Monitor revenue at contract level, splitting revenue across multiple performance obligations within a single contract. Receive alerts for due or overdue obligations	Not available	Blanket agreements only
Integrations for seamless revenue recognition Connect with CRM, AR, external billing, and contract-management systems, including Salesforce, Stripe, Chargebee, HubSpot, Zuora, Docusign, and Ironclad	3rd-party apps only	Integration framework required

See DualEntry's advanced revenue recognition in action

Revenue recognition software FAQ

What is revenue recognition software?

Revenue recognition software is an accounting software used to track and report revenue across periods of time. It’s especially useful when recognizing revenue earned over time (e.g. with subscriptions or contracts).

What accounting software offers automated revenue recognition?

DualEntry offers native, automated revenue recognition for finance teams at scaling companies. It tracks and reports complex billing, multi-entity setups, and compliance requirements – all without hidden charges, add-ons or manual work.

What are the key features to look for in revenue recognition software?

The key features you should look for in a revenue recognition software are: complex allocation automation, custom contract support, and workflows that have full flexibility and are ready to scale with you. You’ll also want access to time-saving features like AI-powered contract parsing, automated audit trails, multi-entity and multi-book support, variable consideration handling, and live dashboards.

What’s the best revenue recognition software?

Choosing the best revenue recognition software really depends on your team's size and goals. DualEntry’s built for finance teams at scaling, pre-IPO companies who need automations for everything from contract parsing to multi-layered allocations and audit-ready, real-time reporting.

What is revenue recognition in SaaS?

When handling revenue recognition in SaaS businesses, you should record revenue as it's earned – not when payment’s received. For example: annual subscriptions should be recognized monthly over the service period and now when the annual subscription is paid. This way, your numbers reflect actual performance and are always ASC 606 compliant.
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DualEntry’s native subscription management software works hand in hand with its revenue recognition engine to automate recurring billing, contract changes, and deferred revenue schedules.

How does DualEntry automate revenue recognition?

DualEntry automates core finance tasks to get your team time back: from revenue allocation and audit-trail captures to intelligent forecasting and dynamic reclassification. It also supports multi-entity and currency recognition and custom revenue models, helping scaling teams to close faster and stay compliant.

Is DualEntry ASC 606 & IFRS 15 compliant?

Yes. DualEntry complies with all accounting regulations and industry standards (including ASC 606 and IFRS 15).

Can DualEntry handle contract modifications or forecasting?

Yes. DualEntry tracks contract changes as they happen and edits revenue schedules automatically. Plus, intelligent forecasting gives you accurate predictions into future revenue, based on performance, usage, and billing trends.

Does DualEntry integrate with billing or CRM systems?

Yes. DualEntry integrates with all major billing and CRM providers. Meaning no duplicate entry, fewer errors, and fully automated revenue management from quote to close.