Stripe Revenue Recognition vs Workday Expenses
Stripe Revenue Recognition
stripe.comWorkday Expenses
workday.comSide by side
| Figure | Stripe Revenue Recognition | Workday Expenses |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Plans published | 5 | 1 |
| Spec score · Revenue Recognition Software | 8.4 (#3) | 7.6 (#13) |
| Company founded | LinkedIn lists Stripe as founded in 2010. | Workday lists its founding date as March 2005. |
| Company headquarters | LinkedIn lists South San Francisco, California as headquarters and also identifies Dublin as a headquarters location. | Workday lists its corporate headquarters in Pleasanton, California. |
| Company size | LinkedIn lists Stripe's company size as 5,001–10,000 employees. | Workday reports more than 20,800 employees and more than 11,500 customer organizations worldwide. |
| Documentation | Stripe documentation includes Revenue Recognition setup, methodology, and a CLI-readable documentation system. | Public administrator guides describe setup decisions, security, configuration steps, integrations and implementation limitations. |
| Headquarters | San Francisco, United States, and Dublin, Ireland | Pleasanton, California, United States |
| Integrations | The product page lists data sources and services including Adyen, Braintree, PayPal, QuickBooks, Sage Intacct, Square, Apple App Store, and Google Play. | Expense data can be imported from credit-card and travel-booking providers, and Workday can call Google Maps to estimate distances. |
| Rating on Apple App Store | 4.7 out of 5 from 69,000 ratings | 4.7 out of 5 from 1.9 million ratings |
| Rating on Capterra | 5.0 out of 5 from 1 review | 4.4 out of 5 from 89 reviews for Workday Financial Management |
| Rating on G2 | 3.8 out of 5 from 4 reviews | 4.3 out of 5 from 19 reviews for Workday Spend Management |
| Rating on Trustpilot | 1.6 out of 5 from 18,000 reviews | 1.1 out of 5 from 506 reviews |
| What it does | Stripe Revenue Recognition converts Stripe transactions and billing terms into automated accrual-accounting reports and journal entries. | Workday Expenses manages company and payee expenses, including reports, authorizations, cash advances, cards and travel records. |
Plans
Stripe Revenue Recognition
- Monthly subscription€20 a month
- Monthly subscription$25 a month
- Annual subscription€1,500 a month
- Annual subscription, billed monthly$1,650 a month
- Custom pricingPriced on request
In their own words
Stripe Revenue Recognition
Stripe Revenue Recognition automates accrual accounting calculations and creates reports for month-end close under IFRS 15 and ASC 606. It turns Stripe transactions and billing terms into journal entries mapped to general ledger accounts, and users can add non-Stripe transactions. The product supports more than 15 pricing models, including usage-based and hybrid billing, and lets users configure rules for performance obligations. Reports include revenue waterfalls, balance sheets, income statements, accounts receivable aging, and journal entries. Data sources and services listed include Adyen, Braintree, PayPal, QuickBooks, Sage Intacct, Square, Apple App Store, and Google Play; automatic App Store and Google Play purchase imports are preview features. Reports and financial statements can be exported through CSV or API. Accounting periods can follow a monthly or 4-4-5 calendar and be closed or reopened manually or automatically. It is available on the web and through an API. Pricing starts at $25 a month, with a 30-day trial and no free plan; custom pricing is listed for companies with high payment volume or unique business models.
Workday Expenses
Workday Expenses has no write-up on Specifiction yet; its figures are above.