Revenue recognition that's always audit ready
Stay safe from manual errors and quickly produce accurate financial data when your auditor comes knocking.
Stay GAAP compliant
Create revenue recognition rules in line with your ASC 606/IFRS 15-compliant revenue policy. Maxio automatically applies these rules across your contracts for compliant, reportable revenue without the risk of human error.
Ditch the spreadsheets
No more manual calculations—choose from dozens of out-of-the-box revenue recognition methods to recognize revenue in accordance with your revenue policy. Automate revenue schedules and deferred revenue waterfalls.
Provide a provable audit trail
Pull audit samples in a snap. Create a Revenue Details report, our most granular revenue report. Drill into revenue by customer, contract, transaction, and item over a selected time period.
Automate your revenue recognition
Apply recognition rules consistently
Automatically apply your revenue policy with accuracy and consistency across your entire customer base. Configure your automated revenue recognition schedules and let Maxio take care of the rest.
Recognize revenue deviations
Consolidate journal entries
Sync invoices with your GL
Our team is able to report on flash bookings within two days of month end, and we are able to close revenue within five days as a result of implementing Maxio.
Antonietta Ciccone, Extensiv
Director of Corporate Revenue Accounting
Maxio’s revenue recognition is unparalleled in other systems. It has cut our month-end close down from 15 days to 5 days.
Tiffani K, Image Relay
Senior Accountant
Before Maxio, we spent a lot of time checking and reconciling. Now we copy the numbers straight out of Maxio into our revenue recognition journal. It probably takes two minutes instead of a full day.
Craig Humphrey, Arctic Shores (UK)
VP of Finance and Operations
Without Maxio, we would be heavily reliant on spreadsheets. Processes would take much longer and we'd find ourselves looking at a lot of different places in order to get the information that we need.
Debbie Williams, EnMark Systems
Chief Financial Officer
Drill down with your revenue subledger
Detail pages help you connect the dots between customers, invoices, and transactions.
Move seamlessly between customer records, invoices, payment history, and associated records from integrated services like Salesforce and Dropbox. Dive into the details behind your general ledger entries with all the financial information at your fingertips.
Advanced Revenue Summary
Aggregate customer details
See all your revenue data in one place, and create a consolidated journal entry at the end of the month that’s ready for booking to your general ledger.
Drill down for immediate answers
Display data your way
Advanced Revenue Management
Manage multiple schedules
Create multiple revenue books, standard pricing models, and corresponding performance obligations. Apply carveouts as needed—right in your revenue management system.
Compare revenue recognition
Change the contracts you choose
Seamlessly integrate with your GL
One-click financial reports
Save your team hours pulling reports every month. Just click “run” for near-instant insights into ARR summary, A/R aging, roll forwards, DSO, and more.
Revenue Recognition Software FAQs
What is revenue recognition software?
Revenue recognition software is a tool designed for businesses to automate the revenue recognition process while staying within complex guidelines and requirements set by the Financial Accounting Standards Board (FASB). It’s often used by SaaS companies that utilize a subscription billing business model. It helps manage various recurring and nonrecurring revenue streams, considering both standalone selling prices (SSP) and negotiated transaction prices.
Such software allows businesses to easily recognize revenue at appropriate times during the customer lifecycle, which creates a clear picture of financial health and aids in strategic decision-making.
How does revenue recognition software ensure compliance with GAAP and revenue recognition standards?
Can revenue recognition software handle complex revenue scenarios?
Can revenue recognition software integrate with other systems?
Help your finance team sleep at night
Get a customized product demo to learn how Maxio can save your team from audit anxiety and monthly all-nighters.
"Before Maxio, we spent a lot of time checking and reconciling. Now we copy the numbers straight out of Maxio into our revenue recognition journal. It probably takes two minutes instead of a full day."
- Craig Humphrey, VP of Finance and Operations at Arctic Shores (UK)
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