Automate prepayment expense recognition, automatically allocating costs to the relevant month without the need for laborious spreadsheets. Prepaid expenses, lease payments, travel costs, and interest costs can be fully automated.
ScaleXP fully integrates data from Xero with these CRM systems
Automating prepayments and cost recognition in ScaleXP is simple.
Accounting teams that use ScaleXP close the month up to 5 days faster, completely eliminating the need to track prepayments and expenses in a spreadsheet:
Our algorithms are highly accurate and able to allocate costs by day, week, quarter or across years.
ScaleXP imports and processes bills daily, ensuring your prepaid expenses are always up to date. There is no need to worry about a colleague’s holiday or wonder when the prepayments spreadsheet was last updated.
In two clicks, your accounting system is connected. The system will then go to work creating a prepayment schedule for you. The results are ready in about 15 minutes.
All costs recognised are in line with IFRS and GAAP. Easily troubleshoot by clicking a bill or line item to see the fine details. Quickly export to spreadsheets to share line by line cost allocation with auditors.
ScaleXP is one of the top apps in the Xero app store and a ‘2023 Xero Staff Pick’.
Get real time access to your data, without waiting for spreadsheets to be updated. Review and share your data, creating impact across the company.
Consolidate instantly, as soon as the subsidiaries have finished their close. Never miss a late adjustment.
Eliminate inevitable spreadsheet errors. Build confidence in your numbers with schedules that are easy for others to review and understand.
Getting started with ScaleXP is easy! Try it for yourself with a 7 day free trial and get set up in minutes. Or, if you’d like to take a deeper dive, book a demo at a time that suits you.
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