Sign the quote, and Turnstile builds the ASC 606 recognition schedule — allocated across performance obligations, tracked on a live waterfall, delivered as journal entries ready for your ERP.
Part of Turnstile's quote-to-cash platform — recognition runs on the contract you already closed, not a re-keyed copy.
Most teams run rev rec in a spreadsheet next to the billing system. Every bundled discount, free promo period, and mid-term amendment means re-deriving the allocation by hand — then hoping the schedule still ties to the contract.
Signature triggers the schedule. A mid-cycle change updates it. The spreadsheet never enters the picture.
Recognition runs at a daily rate per service period, and the final month absorbs rounding — every schedule sums exactly to its allocated total.
Monthly recognition by performance obligation — recognized versus scheduled, deferred revenue balance, remaining to recognize.
Open any contract's allocation: each obligation's share of the price, and how it was determined.
Every invoice and every month of recognition becomes balanced debits and credits — not a number to reverse-engineer.
Deferred revenue, contract assets, accounts receivable, and revenue — grouped by customer and date, with memos naming the product, the month, and the contract.
Export a CSV or sync selected entries to QuickBooks Online or Xero. Entries stay marked provisional until they're synced.
The entries come from the same schedule as the waterfall, which comes from the same contract as the invoice.
Recognition is decided where products are defined. No per-deal setup, and nothing to re-derive when the next contract lands.
Over time, point in time, or on usage — set it on the product, and every contract that sells it follows.
Match by product name, SKU, or billable metric so new products get the right treatment without anyone remembering to set it. A method on the product wins.
When multiple discounted products are on one contract, Turnstile splits the transaction price across obligations by relative standalone selling price — no side model to maintain.
Clean annual subscriptions were never the problem. These are — and each one is handled the way your accountant would handle it.
A volume discount isn't the same percentage off every line. Whatever mix of software, support, and services is on the order form, Turnstile splits the price across obligations in proportion to their standalone selling prices — the discount lands where ASC 606 says it should, not where the spreadsheet left it.
Free months, promo periods, delayed starts: the schedule follows when service is actually delivered. Before service starts, nothing recognizes. Once it does, recognition doesn't wait for the first invoice — Turnstile accrues a contract asset until billing catches up.
Upsells, add-ons, and mid-cycle changes update the schedule instead of restarting it. An add-on priced at its standalone price gets its own schedule; the original allocation stays put. The waterfall shows the whole contract in one view.
Professional services recognize as hours are delivered, whether billed upfront, on completion, or split between the two. Usage-based lines recognize in the period usage occurs. And an obligation billed at $0 — waived onboarding, a bundled add-on — still takes its share of the allocation.
The schedule lives where the contract lives. Signature creates it, amendments update it — nothing gets re-derived by hand in a workbook only one person understands.
A waterfall by performance obligation, allocation math on screen, and ledger memos that name the product, the month, and the contract. When the auditor asks where a number came from, the answer is a click — not an archaeology project.
Balanced journal entries, marked provisional until you post them. Export a CSV or sync to QuickBooks Online or Xero — entry by entry, or all at once.
Bring a signed order form with a bundle, a promo period, or an amendment. We'll show you the allocation and the schedule Turnstile builds for it.
