Revenue Recognition manages every contract from execution to final recognition. All five steps of ASC 606 and IFRS 15 — contract identification, performance obligations, transaction price, allocation, and recognition — handled automatically, with full disclosure support.
From the signed contract to the final journal entry, every step lives in Lunari. No spreadsheets, no separate rev rec tool, no manual waterfall models.
ASC 606 and IFRS 15 are structurally identical. Lunari handles both — useful for companies reporting under multiple frameworks or transitioning between them.
Disaggregation of revenue, contract asset and liability balances, remaining performance obligations — all generated from the live data, ready for the auditor.
The standard requires five steps to recognize revenue correctly. Lunari automates all five — from contract identification to the final journal entry.
Lunari reads every contract and determines whether it meets the criteria for revenue recognition: commercial substance, approved by both parties, identifiable rights, and collectability probable.
Deferred revenue is released automatically as each performance obligation is satisfied. The waterfall report shows the burn-down by contract, customer, and period — ready for the board pack or the auditor at any time.
Store, version, and track every customer contract. Modifications, renewals, and terminations are captured and their revenue impact calculated automatically.
Every obligation across every contract is tracked to completion. Status, allocated price, and satisfaction method are visible at the contract and portfolio level.
Maintain standalone selling prices for every product and service. Lunari applies them consistently across all allocations and flags deviations for review.
Real-time view of deferred revenue by contract, customer, and period. Automatic release as obligations are satisfied. Board-ready waterfall report at any time.
Estimate and constrain variable consideration — discounts, rebates, refunds, performance bonuses — using expected value or most likely amount methods.
Automated generation of ASC 606 / IFRS 15 disclosure schedules: disaggregation of revenue, contract balances, remaining performance obligations, and significant judgements.
"We had a Big Four firm spending three weeks every quarter rebuilding our revenue waterfall in Excel. With Lunari, the waterfall is live. The auditors log in directly. We haven't touched a spreadsheet for rev rec in eight months."
Close calendar, task sequencing, period lock, and board-ready reporting — all automated.
87% of invoices auto-coded on arrival. Prepaid schedules, accruals, and 1099 tracking built in.
Revenue recognition, AR aging, collections workflows, and automated dunning — in one place.