SAGE-INTACCT-REVREC

Sage Intacct RevRec SaaS billing / revenue recognition.

Definition

Sage Intacct Revenue Recognition (RevRec module) is the specialized revenue recognition functionality in Sage Intacct cloud accounting platform (Sage Intacct Inc. founded 1999, acquired by Sage Group plc 2017 $850M, ~30000+ customers SaaS Subscription cloud accounting focus North America), ASC 606 + IFRS 15 compliance automation of contract revenue recognition workflows (performance obligations + standalone selling prices + revenue allocation + deferral + recognition periods). Platform + workflow detail integration ERP + CRM + general ledger + subscription lifecycle management + plans + pricing + dunning + collections + revenue schedules + accounting + multiple deployments enterprise + SMB customers; native integration Salesforce + NetSuite + SAP + Workday + multiple accelerating SaaS Subscription Economy 2020s+ adoption.

Origin

Sage Intacct founded 1999 ; acquired Sage Group 2017 $850M ; ~30000+ customers cloud accounting SaaS focus.

Example in context

SaaS company audited annually uses Sage Intacct RevRec module: revenue contracts automatically analyzed for performance obligations (e.g., software subscription + implementation services + ongoing support as separate POs), standalone selling prices allocated + revenue deferred + recognized over service periods + auditable journal entries posted automatically + ASC 606 compliant quarterly + annual financial statements.

Related terms

• NetSuite Advanced Revenue — competitor module.