How to Build Your Own Rev Rec Tool With AI

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Automate Rev Rec With AI

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Watch AI rev rec demos

Let's get started!

  1. 1

    Prepare a sample transaction file

    Create a CSV with a sample list of ≤100 transactions from Stripe or any other source

  2. 2

    Go to replit.com (you can also use Lovable, Manus, Claude Code, etc.)

  3. 3

    Create an account

  4. 4

    Select a plan

    • The free Starter plan will allow you to create your new app and use the preview of it.
    • If you want to be able to repeatedly use, refine, or share your new app with others, you’ll need to upgrade to Replit Core for $25 per month.
  5. 5

    Enter the prompt 

    Once your account and plan are set up, Replit will ask what you want to make. Here is the exact prompt from Erik’s presentation. Don’t forget to attach your CSV of sample transactions (see below for Things to prepare ahead of time).

    “Create a revenue recognition application for me. Attached is a list of invoices from Stripe. Please analyze its structure and build an app that lets me upload this style of invoice and then calculate revenue recognition entries. Don’t forget to use partial recognition for partial months. The output should be in a spreadsheet-like format where each row is a transaction and each column represents a month. Allow me to download it as a CSV as well.”

  6. 6

    Click “Start chat”

  7. 7

    Let it run

    Replit will present a plan. 

  8. 8

    Select “Approve plan & start”

    Replit will begin building your application. This may take 1-2 minutes +/-

  9. 9

    Try it out!

    • When your application preview is ready, upload your CSV of transactions.
    • The application will show you an initial preview and summary of the data.
    • Click “Calculate Revenue Recognition” and watch the magic happen.

  10. 10

    Make it yours

    • Use the chat window on the left to continue refining your application with additional feedback and context on what you’re looking for.
    • Try loading more transactions and types.
    • Note: AI agents like Replit and others are credit- (i.e. usage) based. Replit’s free Starter plan should include enough free credits to build the initial application preview. But further refinement and usage of the application, as well as asking Replit to host your application, will eventually require paid upgrades and additional credits.

Pro tips:

Ask for the tool to:

  • Present results in a spreadsheet/table format
  • Allow you to export or download as CSV
  • Provide summary-level data
  • Show data visualizations (e.g. a graph)
  • Customize for your brand colors

Generic AI vs. Leapfin’s specialized agent

Generic Leapfin
Limited scalability Built for massive & fluctuating scale
Limited / no connectivity Can connect to all operational data source systems
Not SOX compliant Audit trails, access controls, immutable ledger
Cannot validate that the numbers are correct Validation & reconciliation frameworks
Cannot handle edge cases Built specifically to handle edge cases

Special offer

Need a rev rec solution that’s compliant, scales, and easily connects to your operational data systems?

  • Schedule a demo and get a free 1:1 AI strategy session with Leapfin CTO, Erik Yao
  • Bring your team and get a 1-year subscription to MasterClass on us

AI-powered revenue recognition

Helping Finance teams stay ahead and in control of revenue