Expense Recognition just got a whole lot easier

1. Configure your Items

Create unique Items to differentiate the expense types you’ll capitalize and recognize. Set default recognition methods and durations and easily configure the GL accounts you use for capitalization and recognition.

2. Add your Expense

Once you have configured your Items, start adding individual Expenses. You have a variety of options when creating new expense transactions in the system. Delaying commission payment to your sales rep until your customer pays? We’ve got you covered. Easily track Paid vs. Unpaid Expense Liabilities in Maxio. We’ll handle the accounting challenges with accrued expenses on the back end.

3. Automate your Expense Recognition

Yep, it’s that easy. Once you’ve created your Items and added Expenses, your journal entries will be automatically calculated, making month-end close a breeze. Plus, view the data exactly how you need with our customizable reports. Want to see Commissions by rep, by period, or all software subscriptions in a given period? We’ve got you covered.