Purchasing Guides / Revenue Recognition Schedules

Revenue Recognition Schedules

A purchasing guide to buying a workflow that turns your contracts and billing records into revenue schedules for your accountant to review.

Yearly running cost

Assuming 2,400 contracts a year

By hand
$32K / year
800 hours of work
Subscription
$2.3K+ / year
This workflow
$58 / year
Machine usage only; setup, hosting and review are extra.
Which contracts should it turn into schedules?

Read your contract terms and billing records, then prepare a revenue schedule using rules your accountant has approved.

One contract includes up to 20 text pages and 10 billing lines and 24 schedule months.

Your accountant approves the accounting treatment and schedule. No automatic journals, billing changes or compliance certification.

What is included

Extract dates and amounts, apply approved recognition rules and show the source behind each schedule and exception.

Start with text PDFs and billing exports for a single entity and currency. The baseline covers approved straight-line or point-in-time rules. Missing policies, complex allocations and unclear amendments go to your accountant.

How reliable should the schedules be?

Check the contract facts and the accounting calculation separately. Clear evidence matters as much as a complete schedule.

How these standards are measured

Test unseen contracts, including amendments, credits and missing service dates. Count required fields, correctly raised exceptions and reproducible schedule calculations. Missing output is a failure; an unsupported accounting treatment must never be invented.

Targets for your selected standard
What is checkedTarget
Correct contract fieldsCorrect required fields divided by all accountant-labelled required fields. Missing or invented values fail; report dates, currency and amounts separately.≥98%
Exceptions caughtCorrectly flagged missing policies, contradictory dates, credits and unsupported allocations divided by all labelled exceptions.≥95%
Correct schedule calculationsEvery issued schedule must reproduce approved service dates, rounding and recognition rules, with totals equal to the approved allocable amount.≥100%
Complete source linksEvery issued row links to immutable contract or amendment excerpts, billing IDs and the approved policy version.≥100%

Use exact decimal arithmetic and the approved date convention. Unsupported allocations or policies must be held for review, not guessed.

How quickly do you need each schedule?

Choose how quickly a contract should be ready for review. Your accountant's approval time is separate.

Timing details

Time from complete accepted inputs to a stored schedule, including parsing, validation, queueing and retries. Agree the page and billing-line limits with your provider.

The target applies to at least 95% of agreed test runs, with 2 in progress at a time.

How much do you want to spend per contract?

Choose the machine budget for reading terms, checking evidence and drafting the schedule.

Cost details

Includes model calls, retries and shared hosting. Accountant review, billing subscriptions, scanned-document OCR and the calling agent are separate.

Reference machine cost: $0.12 – 0.32 per contract at 200 contracts a month. The selected cap is a target to test, not a replacement for this estimate.

Where do you want it to run?

Run the workflow in your cloud or on your own server. Decide whether approved contract excerpts can reach an external AI model.

Data and access details

Runs in a cloud account you control, with access controls and logs.

Only approved source fields go to the selected external model. Agree access and retention first.

Limit imports to read-only billing records. No external calls uses uploaded files and private inference, without a live billing connection.

How do you want to use it?

Review schedules in a web page, ask your existing agent or use a dedicated revenue-schedule agent.

Anything else your provider should know?

Optional. Your choices are included automatically.

Common questions

When should I use my billing platform instead?

Use its revenue-recognition feature when it already covers your billing, reporting and accounting rules. Buy a separate workflow when contracts, evidence or review steps need custom handling in your environment.

Does it decide how revenue should be recognised?

No. Your accountant supplies and approves the policy. The workflow applies supported rules and flags cases that need judgment.

Can it handle scanned contracts or complex allocations?

Ask for these explicitly. Scanned inputs need OCR, while bundled obligations and variable consideration need additional policies, tests and pricing.

Can it post the schedule to my ledger?

The guide covers schedule drafts and exports, not automatic journal posting. Discuss any approved posting integration as additional scope.

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