Docs

Reports and Analytics Articles & FAQ

ASC 606, revenue recognition tool

Is Chargebee's revenue recognition tool ASC 606 compliant?

Chargebee's built-in revenue recognition is ASC 605 compliant, not ASC 606. Nevertheless, Chargeb

461783

2021-03-31T07:57:34Z

2024-05-01T10:10:20Z

114

0

0

250258

Is Chargebee's revenue recognition tool ASC 606 compliant?

Is Chargebee's revenue recognition tool ASC 606 compliant? 

Chargebee's built-in revenue recognition is ASC 605 compliant, not ASC 606.

Nevertheless, Chargebee supports RevLock and Softrax that are ASC 606 compliant.

Chargebee integrates with RevLock to automate and ensure financial compliance with Accounting Standards Codification (ASC) 606 and International Financial Reporting Standard (IFRS) 15 guidelines.

Softrax Revenue Manager is an enterprise revenue recognition software that helps manage the entire revenue recognition process in compliance with the latest Accounting Standards Codification(ASC) 606 and International Financial Reporting Standard (IFRS) 15 guidelines

Related Documentation:

https://www.chargebee.com/docs/revrec/quick-start.html
https://www.chargebee.com/docs/softrax.html

Was this article helpful?
Loading…