Custom Revenue Recognition in Plans

New: Custom Revenue Recognition in Plans

Not all revenue is recognized in a straight line. You could already use custom revenue recognition schedules in the historical customer backlog to reflect your actual recognized revenue. Now Jirav also supports custom revenue recognition schedules in your plans, letting you model very complex products and projects into your forecast.

Here's an example of a complex product whose revenue is recognized upon project completion. 30% of revenue is recognized only when the project is half implemented. Then another 20% is recognized when the project is fully implemented. And after that, the remaining 50% is straight-lined for the remainder of the contract.

Use Custom Rev Rec in Plans

About Jirav

Jirav delivers smarter financials and faster insights, helping you understand where your business has been and forecast where it’s going. Our all-in-one budgeting, forecasting, reporting, and dashboarding solution offers faster implementation and a more intuitive interface allowing finance leaders to build financial models in hours, not days, and generate financial reports in minutes, not hours.