Automate prepaid expense recognition, automatically allocating costs to the relevant month, without the need for laborious spreadsheets.
Prepaid expenses, lease payments, travel or event costs, server hosting, even interest costs can be fully automated, streamlining your financial processes.
ScaleXP is a certified app partner for leading accounting 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 prepaid expenses in spreadsheets.
ScaleXP’s algorithms are highly accurate and able to allocate costs by day. Our clients use the technology to:
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’.
Getting started with ScaleXP is easy! Try it for yourself free for 7 days. Or, if you have specific questions, just use the button on the left to schedule a quick meeting.
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