Is Chargebee's revenue recognition tool ASC 606 compliant?

Modified on: Wed, 31 Mar, 2021 at 1:27 PM

Chargebee's built-in revenue recognition is ASC 605 compliant, not ASC 606. 

Nevertheless, Chargebee supports RevLock and Softrax that are ASC 606 compliant. 

Chargebee integrates with RevLock to automate and ensure financial compliance with Accounting Standards Codification (ASC) 606 and International Financial Reporting Standard (IFRS) 15 guidelines.  

Softrax Revenue Manager is an enterprise revenue recognition software that helps manage the entire revenue recognition process in compliance with the latest Accounting Standards Codification(ASC) 606 and International Financial Reporting Standard (IFRS) 15 guidelines

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