---
title: "Product Tour - Revenue Recognition Software - Ordway"
description: "Explore Ordway's revenue recognition software in this product tour. Learn how to automate ASC 606 and IFRS 15 compliance with ease."
url: "https://ordwaylabs.com/products/revenue-recognition-software-asc-606-ifrs-15/product-tour/"
type: "Page"
publisher: "Ordway"
language: "en-US"
published: "2023-08-15T01:56:40+00:00"
updated: "2025-09-08T08:10:47+00:00"
---

# Product Tour - Revenue Recognition Software - Ordway

## Product Tour – Revenue Recognition Software

## Comply with ASC 606 and IFRS 15 standards for recognizing revenue from customer contracts

In this revenue recognition software product tour, you will see how you can:

* Create specific business rules that align with your revenue recognition policy.
* Configure a straight-line recognition rule with different proration options.
* Assign standalone selling prices to performance obligations.
* View transaction allocation details on a subscription contract record.
* View the deferred revenue and recognized revenue schedules.
* Drill down into the specific journal entries for each revenue schedule.
* Decouple billing schedules from the timing of revenue recognition.

## See the SaaS industry’s most flexible revenue recognition software in action.

Get Demo