Automated Revenue Subledger

Automate journal entries for month-end close at scale

Trust the accuracy of your revenue numbers and reduce risk of revenue misstatement

    • Gain real-time visibility into GAAP/IFRS revenue and manual adjustments

    • Build scalable processes that minimize human intervention

    • Explore pre-close / post-close revenue numbers

    • Future-proof revenue recognition and be ready to grow


Automatically generate journal entries for revenue recognition

 

  • Performance obligations
  • Credits
  • Discounts
  • Refunds & disputes
  • Deferrals
  • Subscription amendments

Lock historical periods so if a refund, dispute, or other adjustment hits a prior period, it is rolled forward into the most current open period.


Drill down into your summary journal entries

 

  • Line-item journal entries are summarized into monthly waterfall reports that align with your general ledger chart of accounts.
  • Cut and slice your schedules based on any underlying data for example by membership type, region, subsidiary, or product for better analysis.
  • Easily export Leapfin’s out-of-the-box reports or customize your own.


Link any adjustment back to its original transaction

 

  • Report revenue accurately by accounting for refunds, disputes, and subscription amendments


Track every change to every transaction

 

  • From schedule to data changes, see the account/amount/date that was impacted.
  • If internal data gets overwritten, check Leapfin’s History details to find out what happened.


Trust in our security and auditability

 

  • Have confidence in the security of Leapfin as we leverage industry standard security solutions and best practices. Leapfin is SOC 1 Type 1 & 2 and SOC 2 Type 1 Compliant.
  • Give auditors access to Leapfin so they can get the support they need. Leapfin connects to all 3rd party sources so it’s easily traceable, intuitive, and easy to use.
  • reddit logo

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