Recurly NetSuite integration in Leapfin

Track Recurly subscription payments, invoices, and revenues in real-time alongside PSP transactions, for insight into your business to increase profits and improve subscription management.

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Here's how Leapfin makes your Securely Netsuite integration easier

Accurate reporting and analysis with real-time transaction insights  

Without accurate reporting, how will you know if you offer too many discounts, your refund policy, or if your subscription timeframes are too short?

Answer these questions with ease with detailed transaction insights and segmentable reports. Combine subscription billing and payment insights from Recurly with data from other operational tools like Stripe, Apple App Store, and more to view every turn of your transaction in one platform before integrating the aggregated subledger report into NetSuite.

Reconcile differences automatically

Dozens of subscription events flow through Recurly weekly, monthly, quarterly, and annually – from invoices to payments to refunds. You still have irreconcilable differences in your accounting and mistimed transaction reports. Since some parts of your transaction journey live in other operational tools, events might get attributed to the wrong accounting period. 

Mitigate these issues automatically by streamlining Recurly events with transaction activities in other systems, assigning each activity to the proper period, and then creating an auto-reconciled subledger that you can push into NetSuite. No manual workarounds or late nights required.

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Pre-built logic for accurate financials

Manually calculate foreign exchange rates or different tax rates across multiple journal entries.

Or, apply these calculations with pre-built revenue logic, automatically create ledger entries, and push them into NetSuite, all without any manual effort. It’s up to you.

Pre-built logic for accurate financials and easy reconciliation between Stripe and NetSuite

Easy, pain-free audits with traceable transaction linking

Remember when audits meant reconstructing the transaction story from order to cash? What happens if you invoiced a user a few months ago and reinvoiced them a week ago because of a dispute? Answer auditor questions in minutes with a full view of your transaction data, audit log, and link related activities together and back to their source.

Easy, pain-free audits with traceable transaction linking

What you get with Leapfin, Recurly, and NetSuite

  • Access a single source of truth for all your transactions – across all your operational tools – and financial data in Leapfin, ‌an extensible Finance Data Platform that handles thousands of daily transactions, even during peak seasons.
  • Sync and view Recurly events across multiple Recurly accounts alongside transaction activities in other operational tools in a unified Financial Record that links back to its source for easy reporting and audit.
  • Apply pre-built logic to transaction data to auto-calculate revenue and cost of revenue metrics.
  • View real-time transaction data across multiple business units, products, geographies, customer demographics, and segments updated daily, weekly, or monthly and automatically upload Financial Records into NetSuite, no spreadsheets required.
  • See Recurly data processes in real-time and automatically detect data errors, such as missing fields and invalid values so that you can fix them upon import.
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Leapfin is our valued partner for revenue recognition. All of the PSP data that we need for the month-end close lives in Leapfin and gets updated in real-time.

Emily Eagon Controller @ Medium

Automate your journal entries at scale with Leapfin

FAQs about the Stripe Netsuite integration in Leapfin