Fintra Feature
ASC 606, from a posted invoice to a recognition schedule
Deferred Revenue Waterfall
Example figures- GRADE
- A
- ASC 606 readiness
- DEFERRED
- $412,000
- RPO / backlog
- RECOGNIZED
- $68,300
- this period
- Opening deferred
- $380,000
- + Billed this period
- +$100,300
- − Recognized (straight-line + milestone)
- −$68,300
- = Closing deferred
- $412,000
- Auto-posted JE: DR Deferred / CR Revenue
- idempotent
The five-step model, in full
| Step | What Fintra does |
|---|---|
| 1 · Contract | Contract header + lines, each a performance obligation with a rule type |
| 2 · Obligations | Distinct POs identified per line |
| 3 · Transaction price | Fixed + variable consideration, with catch-up on true-ups |
| 4 · Allocation | Relative-SSP allocation; last line absorbs rounding drift |
| 5 · Recognition | Straight-line (mid-month proration), point-in-time, milestone, usage |
Why it beats a bolt-on rev-rec tool
NetSuite ARM is a separate subledger that starts near four figures a month and isn’t AI-native; a standalone rev-rec app syncs schedules back to your books and hopes they agree. Fintra auto-detects the treatment from the product type, auto-schedules from a posted invoice, and posts the recognition entry into the same GL as your cash and AR, so there is nothing to reconcile.
Questions people ask
Does Fintra support the full ASC 606 model?
Yes: all five steps: contract and performance obligations, transaction price with variable-consideration catch-up, relative-SSP allocation, and recognition across straight-line, point-in-time, milestone, and usage methods, plus contract modifications with cumulative catch-up.
How is it different from NetSuite ARM?
NetSuite ARM is a separate, non-AI-native subledger. Fintra auto-detects the treatment, auto-schedules from a posted invoice, and posts recognition into the same general ledger: no revenue subledger to reconcile.
What is the deferred-revenue waterfall?
A roll-forward of deferred revenue (opening, plus billed, minus recognized, equals closing) with RPO/backlog release, so you can see and defend how revenue moves each period.
What are the honest limits?
The A–D readiness grade is a heuristic, not a controls attestation, and JE posting assumes a live ledger helper. The recognition and allocation math itself is real and tested.
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