# Product Tour – Revenue Recognition Software

## **Comply with ASC 606 and IFRS 15 standards for recognizing revenue from customer contracts**

In this revenue recognition software product tour, you will see how you can:

- Create specific business rules that align with your revenue recognition policy.
- Configure a straight-line recognition rule with different proration options.
- Assign standalone selling prices to performance obligations.
- View transaction allocation details on a subscription contract record.
- View the deferred revenue and recognized revenue schedules.
- Drill down into the specific journal entries for each revenue schedule.
- Decouple billing schedules from the timing of revenue recognition.

Ordway Revenue Recognition

Ordway Revenue Recognition

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Created on Supademo

Ordway allows for complex revenue recognition in line with ASC 606 / IFRS 15

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## See the SaaS industry’s most flexible revenue recognition software in action.