Overview

Recurly Revenue Recognition (RevRec) mid-tier offering is built for organizations that need sophisticated revenue recognition without the high onboarding costs or long implementation timelines of a full-scale advanced solution. It bridges the gap between standard and advanced systems, giving you a cost-effective, quick-to-deploy platform for complex revenue scenarios and audit-ready compliance with Accounting Standards Codification (ASC) 606 and International Financial Reporting Standard (IFRS) 15.

The mid-tier offering is a configurable RevRec package that includes core functionality by default, plus optional modules a Revenue Super Admin can activate as your needs grow. When optional features are off, RevRec hides related fields, tabs, reports, and menu items to keep your workspace focused.

Key benefits

Lower total cost for complex revenue: Get audit-ready tooling for multi-element and advanced scenarios without an enterprise-style onboarding effort
Faster time-to-value: Implement and start recognising revenue sooner with a quick-to-deploy setup
Scalable feature set: Turn on optional modules as your requirements evolve, without rebuilding your processes
Cleaner workspace: Only see the tabs, fields, and reports that match what your organisation has enabled

Key details

Key objectives

Provide a cost-effective solution for complex revenue recognition
Enable faster implementation and time-to-value
Deliver key capabilities like contract grouping, performance obligations (POBs), and business event management
Offer modular features you can activate as your business needs grow

Feature enablement behaviour

RevRec uses feature enablement to control what appears in the application.

When a feature isn’t enabled, its related fields, Workbench tabs, reports, and menu items are hidden
When a Revenue Super Admin enables a feature, related interface elements and functions automatically appear for users who have permission

Roles and permissions

Access is managed through three roles.

Role	Who it’s for	What they can do
Revenue Super Admin	System administrators (Recurly internal users only)	Access the RevRec admin menu, and enable optional features in Feature management
Revenue Manager	Day-to-day revenue operations	Use all core features, plus any optional features enabled by the Revenue Super Admin
Read-only user	Stakeholders who need visibility	View-only access to all enabled features

Core offering (system default)

All organisations receive the core offering during setup.

Core functions

Function	What it’s for
Contract grouping	Define and manage multi-element arrangements so reporting and compliance stays accurate
Performance obligations (POBs)	Create and manage POBs and related rules (expense and dependency areas appear only when those optional features are enabled)
Data sets and Data Rules	Classify, filter, and structure revenue data inputs
Additional entry rules	Create custom posting rules to match your business requirements

Core Workbench tabs

The Workbench is your primary workspace. By default, it includes:

Search
POB (Performance Obligation)
Billing
Waterfall
Journals
Business Events
Contract Balance
Audit

Core Workbench actions

You can perform these actions in the Workbench by default:

Link
Move POB
Recognise
Event

Core reporting

RevRec includes a full suite of reports by default.

Report area	What you’ll get
Revenue reports	Insight, Revenue Waterfall, and Defer Revenue Waterfall
Transaction details	Contract and Billing reports
Stage details	Contract, Doc, and Event reports
Report balances	All balance reports
Audit reports	Audit-focused reporting for traceability and review

Optional features (Revenue Super Admin activation)

A Revenue Super Admin can enable optional modules in Super Admin → Feature management. When enabled, RevRec automatically updates the interface for permissioned users.

Allocation

Purpose: Support complex allocation requirements, such as Standalone Selling Price (SSP).

What it enables:

Rules: Configure SSP rules
Workbench tabs: Adds Modifications and Allocation Details, plus allocation-related columns in Contract Balance
Workbench actions: Adds Allocation and ReAllocation
Setup: Activates allocation-related attributes in Attribute labels, turns on the Contract Modifications page, and adds profiles under the RevRec admin Profiles section
Reports: Enables SSP exception reports, plus allocation-related attributes across other reports

Variable consideration

Purpose: Manage and account for variable consideration components.

What it enables:

Rules: Configure Variable Consideration rules
Workbench tab: Adds the VC tab and related functionality, plus VC-related columns in Contract Balance
Fields: Adds VC-related fields and labels across the application, and enables VC-related attributes in other reports
Reports: Enables VC/Cost reports

Expense accounting

Purpose: Recognise and manage costs associated with revenue.

What it enables:

Rules: Configure cost rules
POB: Activates the Expense section within Performance Obligations
Workbench tab: Adds the Cost tab
Stage area: Enables a Cost stage area
Fields: Adds cost-related fields and labels across the application
Reports: Enables Cost/VC reports, plus cost-related attributes across other reports

Additional features

Purpose: A set of advanced capabilities for specialised processes.

What it enables:

Holds: Place and manage holds, including Holds exception reporting
- Adds hold functionality under rules, a Holds tab in the Workbench, hold-related Workbench actions, and hold-related columns in Contract Balance
- Enables the HOLD event type under Business Events
Bundle: Enable Product Bundle transformation rules
- Adds bundle allocation profiles under the Profiles section
POB: Activates the forecast section within Performance Obligations and adds forecast-related Workbench actions
Fields and reports: Adds Holds and Bundle-related fields, labels, and reporting attributes

App management

Purpose: Manage application-level integrations and data flows.

What it enables:

Jobs: Adds App Management under the Jobs section

Important: After this feature is enabled, it can’t be disabled.

FAQs

Q: Who can enable optional modules?

A: Only the Revenue Super Admin can activate optional features in Super Admin → Feature management. Once enabled, the related tabs, fields, reports, and menu items appear automatically for permissioned users.

Q: Why don’t I see a tab or report mentioned here?

A: It’s usually one of these reasons:

The feature that controls it hasn’t been enabled
Your role doesn’t have permission to access it

Q: Can I turn features on as we grow?

A: Yes. Optional modules are designed to be activated over time, so your RevRec setup can evolve with your revenue complexity.