Revenue recognition software for subscriptions & usage
Streamline ASC 606 & IFRS 15 compliance, eliminate manual errors, and close books 75% faster with Zenskar’s automated revenue recognition.
Trusted and loved by fast-growing companies
Beyond traditional revenue recognition
Zenskar decouples revenue recognition from billing, letting you manage performance obligations independent of invoicing terms.
Zero manual work
Simply provide contract terms and usage data and let Zenskar create ASC 606 & IFRS 15 compliant performance obligations without manual intervention.
Take control of revenue recognition
Define revenue rules that match your business, not billing cycles. Handle any recognition method—usage, milestones, or straight-line—while keeping your billing exactly as is.
Close books with confidence
Let deferred, unbilled, and unearned revenue journal entries flow automatically to your ERP. Built-in audit trails and balanced entries make period closure and audits painless.
Complete Revenue Recognition
Everything you need for automated revenue recognition and ASC 606/IFRS 15 compliance - no hidden fees, no feature gates.
Automate your Revenue Recognition
Move away from manual calculations and automate the revenue side of accounting.
- Generate perfect journal entries automatically
Automatically creates balanced entries for unbilled and deferred revenue, accounts receivable, and expenses based on contract terms.
- Export audit-ready reports easily
View and export debit/credit journal entries, balance sheets, and P&L statements instantly. Get audit-ready reports with a single click.
- Sync revenue data with your GL
Sync balanced journal entries to your ERP/general ledger in real-time. Your revenue data stays accurate and accessible in one place.
Configure recognition rules for your business
Set up revenue recognition rules that match your business. Apply these rules to individual contracts or your entire customer base.
- Handle complex performance obligations
Break down contracts into performance obligations - from simple subscriptions to complex multi-element arrangements. Recognize revenue exactly as obligations are met.
- Automate revenue schedules
Create schedules for every revenue type—deferred, unbilled, and unearned. Adjust schedules without disrupting your existing records.
- Implement multiple recognition methods
Set up straight-line, exact days, fixed periods, milestones, or usage-based recognition methods to match your revenue policies.
Stay audit-ready all the time
Generate compliant balance sheets, P&L statements, and revenue reports that keep your auditors happy.
- Deliver perfect audit trails
Create 100% auditable journal entries with detailed timestamps and revenue waterfall reports. Review and post historical entries while maintaining intact locked periods.
- Manage multi-entity accounting
Manage separate ledgers for each legal entity and jurisdiction from a single login. Record transactions in local currencies while maintaining consolidated visibility.
- Support contract amendments
Recalculate revenue (future and past) when terms change, with manual override options when you need them.
Make better decisions with real-time reports
Give your team the tools to drive strategic financial decisions with real-time financial insights.
- Get deeper insights with custom reports
Easily adjust reporting periods and apply advanced filters to customize—focus on the data that matters to you.
- Provide stakeholder visibility
Share revenue data with key stakeholders, including product teams, C-suite, and board members.
Real impact from real users
Zenskar automates revenue recognition, cuts manual workarounds, and eliminates costly errors.
With Zenskar's automated journal entries and clear audit trails, we've eliminated all manual reconciliation errors. The system ensures ASC 606 compliance while tracking every transaction, making our audits seamless and giving us complete confidence in our financial reports."
Tracking and recognizing revenue across hundreds of customers was overwhelming before Zenskar. With their automated system, we can now generate compliant revenue reports instantly, saving our team over 250 hours each quarter.
Zenskar transformed our revenue recognition from a complex spreadsheet setup into a seamless automated process. Our month-end close is now 75% faster, with complete audit trails and precise journal entries.
Frequently asked questions
Everything you need to know about Zenskar revenue recognition automation software.
Within Zenskar's revenue recognition software, billing is decoupled from revenue recognition. This means revenue performance obligations are independent of invoiced items, enabling flexibility in automation rules and adjustable revenue schedules.
Our rev rec software automatically implements the 5-step revenue recognition method required by ASC 606 & IFRS 15 standards. Simply provide your contract and usage data, and Zenskar creates compliant performance obligations, revenue schedules, and posts journal entries to your revenue sub-ledger and ERP.
Yes, Zenskar's revenue accounting software includes a proper revenue sub-ledger that houses detailed journal entries for deferred revenue, collections, credit notes, refunds, adjustments, sales tax payables, payment gateway fees, and more.
Yes, Zenskar's revenue recognition automation follows ASC 606 & IFRS 15 guidelines to accurately recognize revenue on an accrual basis as per the 5-step model and performance obligations defined in your contracts. This allows you to record revenue as it is earned rather than when cash is received.
Implementation time varies from a few hours to 10 weeks, depending on the complexity of your pricing models and existing data state. This includes migration, integration, and implementation. We provide live support via email, Slack, and Zoom throughout the process to ensure a smooth transition.
