Close faster with automated accrued income recognition. Eliminate the need to track accrued income and related invoices in tedious spreadsheets. Ensure your calculations are always accurate, up to date and easy to audit.
Automate deferred revenue, accruals, and prepaid expenses. Link directly to journals and management accounting packs.
Eliminate spreadsheet and billing errors. Prevent revenue leakage and ensure all of your data is audit ready with automated revenue recognition schedules.
Transparent tracking of deferred revenue, accruals and prepaid expenses. Clear auditable schedules. Automated checks.
In July 2023 and June 2025, ScaleXP was selected by Xero as one of the top apps. This decision is based on the quality of our integration as well as our straight 5 star review in the Xero app store.
Accrued revenue is revenue that has been earned by delivering goods or services but for which invoices have not yet been issued. In accrual accounting (as required by GAAP/IFRS), this revenue is booked as an asset (accrued income receivable) until the invoice is sent, at which point it is recognized as revenue.
ScaleXP uses advanced AI and natural-language algorithms to read your invoices and CRM contract terms, just like a human reviewer.
It automatically suggests accrual amounts for revenue earned but not yet invoiced, based on your sales contracts or renewals.
You review and approve the suggested accruals, and then ScaleXP can automatically post the accrual journal entries into your accounting system
ScaleXP is built on a series of sophisticated natural language processing algorithms, which read and understand the text in invoices, just as a person would, enabliing you to automate the tedious part of deferred revenue recognition.
The system also reads contracts from your CRM and suggests accruals for revenue not yet invoiced, enabling you to automate the process of accruing income and making compliance with GAAP or IFRS revenue recognition standards super easy and efficient.
Accrued income is revenue earned but not yet invoiced. Deferred income is revenue invoiced but not yet earned.
To comply with GAAP and IFRS revenue recognition standards, revenue earned but not yet invoiced should be accrued and recognised as income with a corresponding asset on the balance sheet.
Deferred revenue, meanwhile, should be recognised as a liability on the balance sheet until such time as it is earned and recognised as income.
Once you approve ScaleXP’s suggested accruals, the system automatically generates the corresponding journal entries. These can be reviewed and then clicked through to post in Xero or QuickBooks.
ScaleXP even formats the journals for those systems, so posting takes just a click or two.
Yes. ScaleXP is designed to comply with GAAP and IFRS revenue recognition rules.
By automating accrual and deferral entries consistently, it helps ensure your financials follow ASC 606/IFRS 15 and other accounting standards.
The platform generates fully compliant journal schedules for any unbilled revenue.
ScaleXP integrates with your CRM (e.g. HubSpot, Salesforce) and reads contract details to identify revenue milestones and renewal dates.
It uses those contract terms to know when and how much revenue should be accrued before invoicing. For example, if a subscription contract implies future revenue, ScaleXP will suggest an accrual based on that information.
Getting started with ScaleXP is easy! Try it for yourself free for 7 days. Or, if you have specific questions, just use the button to the right to schedule a quick meeting.
