Recognize Revenue With Confidence, Even When Billing Gets Complex
Automate revenue recognition across recurring, usage, one-time, and hybrid models while keeping finance aligned with ASC 606 and IFRS 15 requirements. Separate billing schedules from revenue schedules, track performance obligations, and maintain a clear audit trail from contract to close.
Billing Tells You What You Charged. Finance Still Has to Know What You Earned.
As contracts, pricing models, and service obligations become more complex, the invoice date and the revenue-recognition date stop being the same thing. That gap is where spreadsheets, manual journals, and audit risk begin to accumulate.
Billing and Revenue Follow Different Clocks
Upfront, milestone, recurring, and usage charges can all have different recognition patterns from the invoice schedule.
Performance Obligations Live Outside the Billing System
Bundled offers and negotiated agreements often require finance to interpret what was promised before deciding when revenue is earned.
Contract Modifications Create Rework
Upgrades, renewals, amendments, credits, and scope changes can require revenue schedules to be reassessed without losing the original audit trail.
Evidence Is Reassembled at Month End
When billing, recognition, and accounting data live in separate systems, finance has to prove how every balance was derived after the fact.
Turn the Five-Step Revenue Recognition Model Into an Operational Workflow
RevRec360 connects the contract, performance obligations, transaction price, allocation, and recognition schedule so finance can apply consistent rules and maintain traceability from source transaction to recognized revenue.
Identify the Contract
Establish the customer agreement and the commercial terms that govern the revenue relationship.
→Identify Obligations
Define the distinct performance obligations that need to be fulfilled under the agreement.
→Determine Price
Establish the transaction price using the contract value and applicable commercial rules.
→Allocate Revenue
Allocate the transaction price across the applicable performance obligations.
→Recognize as Earned
Recognize revenue when the relevant performance obligations are satisfied.
Automate Recognition Without Disconnecting Finance From the Revenue Operation
Keep revenue schedules governed by the same commercial context that drives subscriptions, usage, invoicing, and customer changes.
Rule-Based Revenue Schedules
Define how and when revenue should be recognized instead of rebuilding schedules manually each close.
- Point-in-time and over-time methods
- Automated schedule generation
- Event and obligation-driven recognition
Contract & Obligation Tracking
Connect the contract to the obligations finance needs to monitor before revenue becomes earned.
- Contract-level revenue context
- Performance obligation tracking
- Transaction-price allocation
Separate Billing From Recognition
Bill customers on the commercial schedule while recognizing revenue on the accounting schedule that reflects delivery.
- Upfront billing with deferred recognition
- Recurring and milestone schedules
- Usage and hybrid revenue models
Audit-Ready Traceability
Maintain a clear record of revenue schedules, recognition status, and the underlying transactions used for reconciliation.
- Detailed revenue reporting
- Documented recognition activity
- Exception visibility for close
Close & Reconciliation Support
Reduce month-end effort by keeping recognized, deferred, invoiced, and collected values connected to the same revenue data.
- Revenue-performance visibility
- Close exception management
- Accounting-system handoff
Global Revenue Operations
Scale revenue recognition across markets while keeping finance aligned with the broader billing and accounting operation.
- ASC 606 and IFRS 15 support
- Global billing and finance context
- API-enabled accounting integrations
Bill on the Commercial Schedule. Recognize on the Revenue Schedule.
The customer may pay upfront, monthly, by milestone, or by consumption. Revenue still needs to follow the underlying obligation. RevRec360 lets the billing schedule and revenue schedule stay connected without forcing them to be identical.
- ✓Keep invoice timing separate from the timing of earned revenue.
- ✓Maintain the contract and performance-obligation context behind each schedule.
- ✓Push validated revenue data into downstream accounting systems for close and reporting.
Billing Schedule
Customer invoice planRevenue Schedule
Recognition planRecognition That Can Follow the Business Model, Not Fight It
Use the same governed revenue-recognition operation across recurring services, usage, bundled offers, contract milestones, and global entities.
Telecom & Communications
Connect recurring services, usage, one-time charges, and complex customer contracts to the appropriate revenue schedules.
Explore telecom →Media & Entertainment
Manage contract-based revenue across subscriptions, usage, content agreements, royalties, and changing delivery obligations.
Explore media →SaaS & GenAI
Support subscription, consumption, credits, commitments, and hybrid pricing while keeping recognition aligned to service delivery.
Explore SaaS & GenAI →IoT & Manufacturing
Maintain traceable revenue schedules across products, services, devices, usage, and multi-element customer agreements.
Explore IoT →Utilities & Energy
Bring consumption-based billing and finance reporting together across regulated and multi-jurisdiction operations.
Explore utilities →Better Revenue Control Starts With Better Operational Data
101VOICE used OneBill to simplify complex billing and revenue operations while improving visibility, efficiency, and revenue capture.
Read the 101VOICE story →Close the Loop Between Billing, Recognition, and Accounting
OneBill’s open APIs can synchronize revenue data with downstream accounting and finance systems so the numbers used for recognition, reconciliation, and reporting stay connected to the operational source.
Revenue Recognition & Compliance FAQs
What is revenue recognition software?
Revenue recognition software helps finance teams determine when contracted revenue has actually been earned and should be recorded. OneBill RevRec360 connects contract terms, performance obligations, transaction prices, revenue schedules, recognition activity, and reporting so finance can automate more of that process.
How is a revenue schedule different from a billing schedule?
A billing schedule determines when a customer is invoiced. A revenue schedule determines when the business records the revenue as earned. They can be different. For example, a customer may be billed upfront for a 12-month service while revenue is recognized over the service period. RevRec360 allows those schedules to remain separate but connected.
Does OneBill support ASC 606 and IFRS 15 revenue recognition?
Yes. OneBill positions RevRec360 to support revenue recognition aligned with ASC 606 and IFRS 15, including contract identification, performance obligations, transaction price allocation, and recognition as obligations are satisfied.
Can OneBill handle performance obligations in bundled contracts?
Yes. RevRec360 supports the five-step revenue-recognition process, including identifying performance obligations and allocating the transaction price before revenue is recognized according to the applicable rules.
How does OneBill support audit readiness?
RevRec360 is designed to keep detailed revenue schedules, recognition activity, underlying contract context, and reporting connected. That provides finance with a clearer trail for reconciliation, exception review, and audit support instead of reconstructing evidence from disconnected spreadsheets.
Can recognized revenue be integrated with accounting systems?
Yes. OneBill provides open APIs and integrations that can push revenue and reconciliation data into accounting systems. RevRec360 currently highlights integrations with systems such as QuickBooks, Xero, Oracle NetSuite, and Sage.
Make Revenue Recognition Part of the Revenue Operation, Not a Month-End Workaround
Connect billing, contracts, performance obligations, recognition schedules, reconciliation, and accounting so finance can move faster without losing control.