Revenue recognition
Revenue schedules that tie to the GL.
Agents build ASC 606 schedules from your contracts and recognize revenue as it’s earned. Nobody rebuilds the waterfall by hand.
Halden Software’s deferred revenue in September. A sample company, with illustrative figures.
From contract to recognized revenue.
Contracts read
Start date, term and price for each contract, from your CRM and billing.
Schedules built
A recognition schedule for every contract, ratable over its service period.
Revenue recognized
Each month’s revenue is booked from the schedules and recomputed by a second AI.
Deferred revenue tied
The balance ties to the GL and to the schedules, contract by contract.
Deferred revenue, rolled forward and tied.
Each month starts from last month’s balance, adds what was billed and takes out what was recognized. The ending balance ties to the schedules and the GL.
At month end
Revenue right before the auditors look.
Revenue recognized early, found before your auditors do.
The free review re-performs your past year and proposes the entry that defers revenue booked early. Nothing changes until you approve.
Every contract on a schedule, not a spreadsheet.
Each new contract gets its schedule as it’s billed, so revenue never waits on a spreadsheet.
From your CRM and billing to your ledger.
Contracts come from the systems you already use, and revenue posts to QuickBooks, Xero or NetSuite.
- Salesforce
- HubSpot
- Stripe
- NetSuite
- QuickBooks
- Xero
Questions controllers and firms ask first.
Does Zenday handle ASC 606 for SaaS contracts?
Yes. Agents build a recognition schedule for each contract from its start date, term and price, recognize revenue ratably over the service period and tie deferred revenue to the GL every month.
Can it produce a deferred revenue waterfall?
Yes. The schedules give the next twelve months of recognition by month, from the same figures that tie deferred revenue to the GL and feed your revenue forecast.
Where do the contracts come from?
From your ledger’s invoices and from your CRM and billing system, such as Salesforce, HubSpot or Stripe. New contracts are picked up as they’re billed.
Does someone still review revenue?
Yes. A second AI recomputes each month’s recognition from the contracts before it posts, and anything over your thresholds waits for your reviewer.