your comprehensive solution for managing ASC 606 Accruals for Contracts with Customers.
This platform is meticulously crafted to transform your accrual calculation process. ContractStream’s All-in-one interface for managing ASC 606-based accruals provides access to:
- Contract details
- Contract obligations
- Contract invoices
- Instant calculation and reporting – Accruals, Performance Obligations, Journals
- Multi-currency
- Average Sales Price
Revolutionize Your Accounting of Contracts with Customers
Step out of the manual world of Excel and into the simplicity of a refined, secure application built on OneStream’s proven technology.
With ContractStream, you will easily:
- Manage customer contracts
- Store and track performance obligations
- Calculate and report:
- Transaction price
- Transaction price to performance obligations
- Revenue
- Contract Liabilities (Deferred Revenue)
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- Contract Assets
- Generate journal entries for the general ledger
Transformative Features of ContractStream:
- Simple: With ContractStream, bid farewell to the complexities of manual calculations and multiple Excel documents. ContractStream is a system that provides easy storage and tracking of all contracts in one place and instant calculation and reporting of accruals.
- Intuitive: ContractStream’s user-friendly interface makes for easy learning.
- Seamless: The platform integrates with your sales and financial data, generating accurate journal entries and reports.
- Secure: Built on the OneStream platform, ContractStream leverages the existing security model.
- Auditable: Built-in auditing capabilities track updates and deletions to contract details ensuring complete visibility.
- Extensible: ContractStream’s calculation framework is extended to include any organization-specific calculation requirements.
Step into a World of Simplified Contracts
Try ContractStream today! Experience efficiency, accuracy, and comprehensive management in a new era of streamlined contract accruals.