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.
Video introduction
A short subtitle for the video introduction
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.