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Synder RevRec is a revenue recognition platform that connects Stripe to QuickBooks Online, Xero, Sage Intacct or NetSuite and posts ASC 606-compliant recognition entries without spreadsheets.
of SaaS finance teams say their tools can't fully support subscription revenue recognition.
Start by connecting your Stripe account or uploading your subscription data via Excel.
Synder allocates revenue across billing periods under GAAP and ASC 606, covering multi-item invoices, refunds, cancellations and prorations. Annual plans are spread over the months they cover, and revenue is recognized as each performance obligation is fulfilled.
For Stripe, any change to an active subscription, such as an upgrade, downgrade or cancellation, is tracked instantly, and its recognition schedule updates automatically. You don't need manual adjustments, and the next recognition entry reflects the change.
Synder automatically posts revenue recognition entries to QuickBooks Online, Xero, Sage Intacct or NetSuite, moving amounts from Deferred Revenue on the balance sheet to Income on the P&L. Your P&L then shows revenue in the period it's earned.
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Subscription tracking is the base of Synder RevRec's revenue recognition tools and features: revenue recognition schedules build automatically from your Stripe data or Excel uploads. For Stripe subscriptions, Synder tracks every change, including cancellations, refunds, upgrades, downgrades, prorations and multi-item invoices, and updates the deferred revenue schedule in real time. When a customer switches from a monthly to an annual plan mid-cycle, Synder adjusts the schedule automatically.
Synder recognizes revenue as performance obligations are fulfilled, following GAAP accrual accounting and ASC 606, so revenue tracks delivery instead of payment dates. Synder handles monthly, annual, quarterly, one-time, mixed and extended-term billing, allocating revenue across billing periods automatically. SaaS companies preparing for an audit, a funding round or an acquisition get audit-ready revenue figures for every period.
Waterfall by Month and Waterfall by Subscription reports show how booked revenue is recognized over time, built automatically from your subscription data. The Balances overview report works as a monthly deferred revenue roll-forward, from beginning balance through new billing to ending balance. Click any figure to drill down to the subscriptions and transactions behind it, then download the data for your auditor or board.
Invoices with extended payment terms, such as Net 30 or Net 60, create deferred revenue, a contract liability, as soon as they're issued. Revenue then moves to recognized revenue as the service is delivered, so your accrual-basis P&L reflects performance instead of collection timing.
Subscriptions billed in other currencies are tracked and recognized in your home currency. For synced Stripe data, Synder applies Stripe's conversion rates. For Excel imports, you set the conversion rates directly in your file.
Discounts and coupons are allocated across the same billing periods as the revenue they reduce, so recognized revenue reflects the discount in every period. Synder maps each coupon to the product it applies to, and a discount mode setting lets you choose how discounts are processed for GAAP-compliant reporting.
Synder RevRec posts ASC 606-compliant revenue recognition entries straight to your general ledger, so you don't need CSV exports or manual entries. QuickBooks Online receives monthly journal entries, while Xero, Sage Intacct and NetSuite receive them through Synder's daily summaries. For QuickBooks Online, Balance Reconciliation then compares the deferred revenue balance in your books with Synder's figures before month-end close.
Synder RevRec connects to your billing and your books, so your security team will want proof before you connect Stripe. Synder is SOC 2 Type 2 certified, GDPR and CCPA compliant, and HIPAA-ready, with its SOC 2 report available through the Synder Trust Center. Your data is encrypted at rest and in transit, and independent testers run penetration tests on Synder regularly.
Investors expect audit-ready books before a funding round, and Synder RevRec automates revenue recognition to get you there. Hop on a discovery call to see how it handles your billing models and accounting system.
“Subscriptions are tough. Things are gonna change midterm in a subscription and how does that need to be handled? Synder picks up all those changes automatically. I don't see any other good options out there to do daily revenue recognition and prorations on subscriptions that could also do advanced billing and arrears billing, combinations of one time items with recurring items. There's just a lot of complexity in there and Synder does all that.”
“Synder RevRec appears to be the best and most automated way to get Stripe revenue recognition into QuickBooks. That’s really impactful for startups, as we’re not going to be able to spend on NetSuite or other higher-end accounting software. So being able to scale your business across tons of subscriptions in a cost-effective and scalable manner is critical as a startup.”
You can book a discovery call with Synder's team to see how Synder RevRec would handle your setup. Come with your billing model, whether monthly, annual, quarterly, mixed or with extended payment terms, and your accounting system: QuickBooks Online, Xero, Sage Intacct or NetSuite. The call covers what RevRec would automate for you and which plan fits your subscription volume.
Synder RevRec recognizes revenue in your home currency, whatever currency a subscription was charged in, using Stripe's conversion rates for Stripe data or the rates in your Excel file. Your home currency is set when RevRec is turned on and can't be changed later, so confirm it during setup.
AI Dashboards in Synder are built from the transaction data you've synced from all your connected platforms, stored in a structured, register-based backend. Synder's AI builds queries directly on that data, and your financial data stays covered by Synder's SOC 2 Type 2 security controls.
Synder handles deferred revenue by holding advance payments as deferred (unearned) revenue on your balance sheet and moving each month's earned share to income. Say a customer pays $1,200 upfront for an annual Stripe subscription: with monthly recognition, Synder builds a straight-line deferred revenue schedule that moves $100 to income each month. Your accrual-basis P&L then shows what you earned, instead of the full $1,200 in one month.
ASC 606 revenue recognition for SaaS runs automatically in Synder, which recognizes each Stripe subscription and invoice as their performance obligations are fulfilled and posts the entries to your books. Take a contract with a $3,600 annual contract value and a $500 onboarding fee. The subscription moves $300 a month from deferred revenue to income, while the one-time fee is recognized in full. Your deferred revenue balance stays current without the spreadsheet schedules many SaaS teams keep by hand.
Subscription billing and revenue recognition stay in sync because Synder watches your Stripe subscriptions and updates each recognition schedule as soon as billing changes. When a customer downgrades halfway through a billing cycle, ASC 606 treats it as a contract modification, and Stripe's proration lines go straight into the updated schedule. Excel imports follow the same rules, with schedules updating each time you upload a file.
Revenue recognition for SaaS and subscription businesses spreads upfront subscription payments over the term they cover. Under GAAP (ASC 606) and IFRS 15, the payment starts as deferred revenue on the balance sheet and moves to the P&L as each performance obligation is fulfilled. Synder RevRec automates this, from Stripe or Excel data to recognition entries in your accounting system.
Revenue data reaches Synder RevRec from Stripe through its API, with changes tracked in real time, or from an Excel upload. Synder RevRec then posts recognition entries to QuickBooks Online, Xero, Sage Intacct or NetSuite, as monthly journal entries in QuickBooks Online or through Synder's daily summaries. On any other accounting system, RevRec's reports give you the figures to enter yourself.
Synder RevRec works for accounting firms whose clients use QuickBooks Online, Xero, Sage Intacct or NetSuite, and it applies the same recognition logic on every system. A firm manages client seats from one Synder firm account, with partner pricing for larger client lists.
Excel uploads let you use Synder RevRec without Stripe: export subscription and invoice data from any billing tool into Synder's import template. RevRec then builds the deferred revenue schedules and syncs recognition entries to your accounting system automatically. Stripe is the only direct connection, so with Excel data you upload a new file when billing changes.
Synder RevRec is compliant with GAAP, ASC 606 and IFRS 15, recognizing subscription revenue over the period it's earned. For an audit, the Waterfall and Balances overview reports let your auditor trace each recognized figure back to the subscription and transaction behind it.
Synder RevRec comes with four core revenue recognition reports, all built from your subscription data:
Mid-cycle changes from Stripe, including upgrades, downgrades, refunds and chargebacks, update your Synder RevRec schedule automatically. If a customer moves from a $50 to a $100 monthly plan halfway through the month, Stripe's proration lines flow into the schedule. The new plan is then recognized over the rest of the billing period. Your deferred revenue balance updates with it, with no manual adjustment.
