finance

revenue-recognition-tracker

Implements IFRS 15 revenue recognition by setting up performance obligations for a contract, tracking completion progress, and managing contract assets and liabilities.

Track IFRS 15 revenue recognition across client contracts. Set up performance obligations, monitor completion progress, recognise revenue as obligations are satisfied, and maintain contract asset and liability balances.

Difficulty: beginner
Input: data
Output: spreadsheet
Needs: none
Used by: Finance Manager

What it needs

deal — Won deal driving the revenue contract setup.
obligations — List of distinct promises with standalone selling prices
obligation — Performance obligation to advance and recognise revenue against.
progress_percentage — 0-100 for over-time; use 100 for point-in-time on satisfaction
obligation — Performance obligation to reconcile billed vs recognised on.
invoice — Client invoice issued against the obligation.
period_id

What you get

(one per obligation)
performance-obligations (markdown)
revenue-je (markdown)
revenue-review (markdown)
updated-obligation (markdown)

Ask it like this

new client contract
revenue recognition progress
bill a client
deferred revenue balances
revenue-recognition methodology