Revenue Recognition with Stripe in Rillet

Revenue recognition for Stripe invoices in Rillet is based on the billing periods or supply dates defined in Stripe.

Revenue Recognition Rules

• Revenue Start Date = Billing Period Start Date (per line item in Stripe)

• Revenue End Date = Billing Period End Date

• Rev Rec Pattern = Based on product setup in Rillet (Product Listing)

• Revenue GL Account = Based on product setup in Rillet (Product Listing)

Note: If you’re not using Stripe Subscriptions, you can still define billing periods by setting Supply Dates on Stripe invoices.

Recognition Adjustments

If the invoice date falls after the revenue period, any prior revenue is recognized on the invoice date unless special Accounting Settings allow earlier recognition.

To Adjust Revenue Manually in Rillet:

1. From the invoice, invoice list, or contract, open the three-dot menu.

2. Select Adjust Revenue.

3. Enter new dates in the Adjusted column.

4. Click Save.

   

To View GL Impact:

• For invoices: Select GL Impact on the invoice.

• For subscriptions: Select GL Impact on the contract.

  

See Also

To learn more about revenue recognition and related Stripe data in Rillet, review these articles:

• Sync Stripe Subscriptions into Rillet

• Sync Stripe Credit Notes and Voided Invoices into Rillet

• Stripe Billing Integration Overview