--- title: Guide to Building a Revenue Recognition Tool with AI | Leapfin description: Get the step-by-step guide to building a free revenue recognition tool with AI. image: https://www.leapfin.com/hubfs/preview-card-22FEB2024.png --- Joining Airwallex: Leapfin's Exciting Next Chapter [ Read the Announcement ](https://www.leapfin.com/blog/leapfins-next-chapter-joining-airwallex) # How to Build **Your Own Rev Rec Tool** With AI Here’s your step-by-step guide to build your own AI-powered revenue recognition tool for free. 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](http://replit.com/)** You can also use [Lovable](https://lovable.dev/), [Manus](https://manus.im/), [Claude Code](https://claude.ai/), 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. 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. Copy Text 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 ## How AI is Changing Finance and Accounting Finance and Accounting teams are under pressure to close faster, stay compliant, and keep up with growth. In our [recent workshop](https://www.leapfin.com/webinars/automate-rev-rec-with-ai), Leapfin CTO Erik Yao walked through a live demonstration of how AI changes that reality – by showing exactly how to build a working revenue recognition tool from scratch. You’ve already got the instructions. Now watch the companion webinar to get the full picture of how AI is solving hard, time-consuming problems for finance and accounting pros. Companion webinar on-demand now ## Automate Rev Rec With AI ![icon_head-brain](https://www.leapfin.com/hubfs/icons/icon_head-brain.svg) Learn key AI terms ![icon_ai-gear](https://www.leapfin.com/hubfs/icons/icon_ai-gear.svg) See AI comparisons ![icon_play-button](https://www.leapfin.com/hubfs/icons/icon_play-button.svg) Watch AI rev rec demos [ Watch Now ](https://www.leapfin.com/webinars/automate-rev-rec-with-ai) ## About Leapfin For small scale, low risk projects, generic AI is a serviceable option. But if you need a rev rec and reconciliation solution you can trust to be compliant, scale with you, and easily connect to your operational data systems, see what makes Leapfin different.  ## Generic AI vs. **Leapfin’s specialized agent** Generic AI ![icon_scalability_circle-growing](https://www.leapfin.com/hubfs/icons/icon_scalability_circle-growing.svg) Limited scalability ![icon_connected-dots](https://www.leapfin.com/hubfs/icons/icon_connected-dots.svg) Limited / no connectivity ![icon_shield](https://www.leapfin.com/hubfs/icon_shield.svg) Not SOX compliant ![icon_magnifying-glass-document](https://www.leapfin.com/hubfs/icons/icon_magnifying-glass-document.svg) Cannot validate that the numbers are correct ![icon_line-item-lines](https://www.leapfin.com/hubfs/icons/icon_line-item-lines.svg) Cannot handle edge cases Leapfin's Agent ![icon_scalability_circle-growing](https://www.leapfin.com/hubfs/icons/icon_scalability_circle-growing.svg) Built for massive & fluctuating scale ![icon_connected-dots](https://www.leapfin.com/hubfs/icons/icon_connected-dots.svg) Can connect to all operational data source systems ![icon_shield](https://www.leapfin.com/hubfs/icon_shield.svg) Audit trails, access controls, immutable ledger ![icon_magnifying-glass-document](https://www.leapfin.com/hubfs/icons/icon_magnifying-glass-document.svg) Validation & reconciliation frameworks ![icon_line-item-lines](https://www.leapfin.com/hubfs/icons/icon_line-item-lines.svg) 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** [ Get a Demo ](https://www.leapfin.com/get-a-demo) ![masterclass-image](https://www.leapfin.com/hs-fs/hubfs/masterclass-image.png?width=1200&height=1200&name=masterclass-image.png) ![logo_leapfin_deep-galaxy](https://www.leapfin.com/hubfs/accents/logo_leapfin_deep-galaxy.svg) ### AI-powered revenue recognition Helping Finance teams stay ahead and in control of revenue - [![logo_clio](https://www.leapfin.com/hubfs/logo_clio.svg) Watch the Webinar ](https://www.leapfin.com/webinars/undisclosed-alex-clio) - ![logo_termius](https://www.leapfin.com/hubfs/logo_termius.svg) - [![logo_mejuri](https://www.leapfin.com/hubfs/logo_mejuri.svg) Watch the Webinar ](https://www.leapfin.com/webinar-mejuri-preparing-4x-transactions) - ![logo_smokeball](https://www.leapfin.com/hubfs/logo_smokeball.svg) - ![logo_homebase](https://www.leapfin.com/hubfs/logo_homebase.svg) - ![logo_nav](https://www.leapfin.com/hubfs/logo_nav.svg) - [![logo_medium](https://www.leapfin.com/hubfs/logo_medium.svg) Watch the Webinar ](https://www.leapfin.com/videos/on-demand-netsuite-webinar) - ![logo_jotform](https://www.leapfin.com/hubfs/logo_jotform.svg) - [![logo_outside](https://www.leapfin.com/hubfs/logo_outside.svg) Read the Story ](https://www.leapfin.com/story/outside-interactive) - ![logo_webflow](https://www.leapfin.com/hubfs/logo_webflow.svg) - [![logo_rocket-lawyer](https://www.leapfin.com/hubfs/logo_rocket-lawyer.svg) Watch the Webinar ](https://www.leapfin.com/webinars/solve-stripe-connect-complexity-featuring-rocket-lawyer) - [![logo_reddit](https://www.leapfin.com/hubfs/logo_reddit.svg) Read the Story ](https://www.leapfin.com/story/reddit) - ![logo_ae-networks](https://www.leapfin.com/hubfs/logo_ae-networks.svg) - [![logo_seat-geek-1](https://www.leapfin.com/hubfs/logo_seat-geek-1.svg) Watch the Testimonial ](https://www.leapfin.com/videos/how-seatgeek-converts-stripe-data-into-journal-entries) - ![logo_therealreal](https://www.leapfin.com/hubfs/logo_therealreal.svg) - ![logo_vimeo](https://www.leapfin.com/hubfs/logo_vimeo.svg) - [![logo_eightsleep-1](https://www.leapfin.com/hubfs/logo_eightsleep-1.svg) Read the Story ](https://www.leapfin.com/story/eight-sleep) - ![logo_maintainx](https://www.leapfin.com/hubfs/logo_maintainx.svg) - [![logo_mozilla_monochrome](https://www.leapfin.com/hubfs/logo_mozilla_monochrome.svg) Watch the Webinar ](https://www.leapfin.com/webinars/women-in-accounting-how-to-overcome-challenges-and-skyrocket-your-career) - ![logo_carfax](https://www.leapfin.com/hubfs/logo_carfax.svg) - [![logo_altitude-sports](https://www.leapfin.com/hubfs/logo_altitude-sports.svg) Read the Story ](https://www.leapfin.com/story/altitude-sports) - ![logo_blink](https://www.leapfin.com/hubfs/logo_blink.svg) - ![logo_siteminder](https://www.leapfin.com/hs-fs/hubfs/siteminder-1.png?width=250&height=125&name=siteminder-1.png) - ![logo_tankfarm](https://www.leapfin.com/hubfs/logo_tankfarm.svg) - [![logo_help-scout](https://www.leapfin.com/hubfs/logo_help-scout.svg) Watch the Webinar ](https://www.leapfin.com/webinars/budget-for-2025-with-help-scout-cfo) - ![logo_scout](https://www.leapfin.com/hubfs/logo_scout.svg) - [![logo_goodrx](https://www.leapfin.com/hubfs/logo_goodrx.svg) Read the Story ](https://www.leapfin.com/story/goodrx) - ![logo_the-arena-group](https://www.leapfin.com/hubfs/logo_the-arena-group.svg) - ![logo_gorgias](https://www.leapfin.com/hubfs/logo_gorgias.svg) - [![logo_outschool](https://www.leapfin.com/hubfs/logo_outschool.svg) Watch the Webinar ](https://www.leapfin.com/webinars/how-systems-teams-empower-accounting) - ![logo_futurhealth](https://www.leapfin.com/hubfs/logo_futurhealth.svg) - ![logo_universal-audio](https://www.leapfin.com/hubfs/logo_universal-audio.svg) - [![logo_top-hat](https://www.leapfin.com/hubfs/logo_top-hat.svg) Read the Story ](https://www.leapfin.com/story/top-hat) - ![logo_easel](https://www.leapfin.com/hubfs/logo_easel.svg) - ![logo_masterclass](https://www.leapfin.com/hubfs/logo_masterclass.svg) - [![logo_poshmark](https://www.leapfin.com/hubfs/logo_poshmark.svg) Watch the Webinar ](https://www.leapfin.com/webinars/future-of-finance-and-accounting) Leapfin is the trusted AI infrastructure that powers your entire record-to-report process at scale. 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