Welcome to Deferred Revenue
Automate the creation of your deferred revenue schedules and revenue recognition entries.
Here’s how our Deferred Revenue product is helping teams save hours across the globe
"The way the new Deferred Revenue feature has been made is simple, but flexible, which is exactly how I was hoping it would be built. After providing feedback during the beta, I was able to manage all of the revenue scenarios I had encountered.
The team really listened to the feedback and thought through how revenue recognition can work easily."
"I was so excited to be part of the beta for their deferred revenue and prepayment modules. I confess that a bunch of work came up, which delayed me getting started.
Can't believe what I was missing! OH MY GOD. What a PRODUCT."
"The Mayday Deferred Revenue feature is simple, easy to use and very flexible, so it can handle any situation you throw at it, which was the case for our company.
Most invoices follow a different revenue timeline and Mayday handled them with ease, we will definitely be using this tool going forward."
How does Deferred Revenue save you time?
1: Identify relevant transactions in seconds
Mayday's AI-powered inbox scans all your transactions and surfaces which require deferred revenue schedules.
Set custom rules
Choose what transaction types (invoices, bank transactions & journals) and account codes you want Mayday to monitor.
Review with ease
Review transactions either individually, or in bulk, giving you full control and oversight.
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2: Apply recommended deferred revenue schedules
No more spreadsheets. Mayday calculates and recommends the correct deferred revenue schedule for every transaction.
Approve calculations
Easily review recommended schedules in your inbox and make edits where needed.
Validate your schedules
See all your deferred revenue schedules for the financial period in one clear view, so you can easily validate and approve.
3: One-click post your journals
Once your schedules have been reviewed and you’re happy everything’s correct, post your journals to Xero or QuickBooks Online in a single click.
Post as draft or finalised
Decide whether to post at a transaction level or nominal level, depending on the level of detail you need.
Stay in sync
Visual indicators keep you on track: green for reconciled, gold for updates pending.
