IFRS 15 revenue, scheduled from your contracts
Enter a contract once. Accountly spreads its revenue over the right periods, posts deferred revenue every month, and shows what is still to be earned.
How it works
- 1
Add the contract
Customer, value, start and end dates, and the performance obligations in it.
- 2
Schedule
Revenue is spread over time or released at milestones, as IFRS 15 requires.
- 3
Post every month
Releases post on their own, and the deferred balance always ties to the schedule.
Inside Revenue recognition
Over time or at a point
Straight-line, milestone or delivery-based recognition per obligation.
Deferred revenue
Invoiced-but-unearned amounts sit in deferred revenue until they are earned.
Milestones
Release revenue when a milestone is delivered rather than over time.
Schedule view
See what each contract has recognised and what is still to come, month by month.
Ties to invoicing
Billing and recognition stay separate but linked, so both are always right.
Audit-ready
Every release links to its contract and schedule line.
Questions
Do I need this if I only sell products?
Probably not. It's for subscriptions, retainers, projects and multi-year contracts where billing and earning happen at different times.
Can I import existing contracts?
Yes. Add open contracts with the amount recognised so far, and Accountly schedules the rest.
Is this IFRS 15 compliant?
It follows the IFRS 15 approach. Judgements, such as identifying obligations, remain yours and your auditor's.