Recurly RevRec guides and automates the revenue treatment of your transactions. Setting it up means working through a handful of core building blocks — books, profiles, attribute labels, segments, business events, and currencies — each covered on its own page below. This feature is part of Recurly RevRec. Learn more.

Available as part of Recurly RevRec

1Definition 2Key benefits 3Key details 4FAQ

Prerequisites

Familiarity with your organization's revenue recognition standard (IFRS 15 or ASC 606).
At least one primary book configured in Recurly RevRec to process revenue transactions.
Attributes defined in the Attribute Labels section for data collection.

Limitations

Only one Primary book is allowed in the system.
Once a book is deactivated, it can't be reactivated.
Pipeline features are exclusive to Secondary books.

Definition

Recurly RevRec is a comprehensive tool that guides and automates the revenue treatment of your transactions. It offers a structured approach to setting up books, profiles, attribute labels, segments, and business events, so your financial reporting stays accurate and efficient.

Key benefits

Versatility Establish multiple books to support varied revenue recognition treatments.

Precision Use detailed attribute labels to keep your data accurate as it moves through the system.

Flexibility Support both standard and custom business events to fit diverse business requirements.

Efficiency Automate processes to reduce manual errors and streamline financial reporting.

Integration Connect seamlessly with your ERP systems for consistent, accurate data transfer.

Key details

Books (ASC 606 vs IFRS 15)

Set up your Primary and Secondary books and choose the accounting standard each one follows.

Profiles

Configure application-level controls like global currency, overage rules, and revenue duration.

Attribute labels

Map Recurly attribute names to their RevRec counterparts and control how they display.

Segments

Define your accounting structure based on your reporting needs or business processes.

Business events

Set up standard and custom triggers that drive revenue and cost actions, and link them to POBs.

Currencies

Review and edit the precision of predefined ISO currency codes.

FAQ

How do I create and manage Books in Recurly RevRec?

Manage Books in Application setup → Books. For step-by-step guidance, see the Books documentation.

What are Business Events and how do I configure them?

Business Events define how transactions are processed in RevRec. Configure them in Application setup → Business events. Refer to the Business events documentation for details.

Where can I find information on setting up Segments?

Segments are configured in Application setup → Segments. See the Segments documentation for configuration steps.