Chargebee RevRec review

Chargebee RevRec automates the close workflow from recognition schedules through reconciliation to journal posting, following the ASC 606 and IFRS 15 five-step model. A notable change is that it now works natively with Stripe Billing, so Stripe customers can add it without switching billing systems. Direct integrations with Chargebee, Stripe, NetSuite, Sage Intacct, QuickBooks and Xero sync invoice and billing data every 24 hours. The pricing page splits it into two quote-based plans. Performance covers point-in-time and ratable recognition, multi-currency, GAAP revenue reports and journal entry mapping, and is listed as available only to Chargebee Billing customers. Enterprise adds multi-source integration including Salesforce, HubSpot and the Apple and Google app stores, plus multi-entity support, advanced revenue rules and SSP configuration, usage-based and contract-based recognition, variable consideration, material rights and expense amortization. The main gap for buyers is price transparency: neither plan shows a number, so compare quotes against Maxio's published $599 Grow plan.

Who it is for

Subscription companies billing on Chargebee or Stripe

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• End-to-end recognition workflow based on the ASC 606 and IFRS 15 five-step model
• Native connections to Chargebee, Stripe, NetSuite, Sage Intacct, QuickBooks and Xero, synced on a 24-hour cycle
• Point-in-time and ratable recognition, multi-currency support and journal entry mapping on the Performance plan
• Enterprise plan adds multi-entity, usage-based and contract-based recognition, variable consideration and an SSP Price Analyzer
• Summarized journal entries posted to the right general ledger accounts

Strengths and weaknesses

• Strength: Works natively with Stripe Billing, not only Chargebee Billing
• Strength: Enterprise plan covers material rights, revenue sharing arrangements and expense amortization
• Strength: Pulls data from CRM (Salesforce, HubSpot) and app stores (Apple App Store, Google Play) on Enterprise
• Weakness: Both plans are priced by quote
• Weakness: The Performance plan is listed as available only to Chargebee Billing customers
• Weakness: Usage-based and contract-based recognition need the Enterprise plan

Key facts

• Standards: ASC 606, IFRS 15
• Billing sources: Chargebee, Stripe
• Ledgers: NetSuite, Sage Intacct, QuickBooks, Xero
• Plans: Performance and Enterprise, quote only

Where it ranks

Chargebee RevRec is No. 3 in our Best Revenue Recognition Software verdict.