Too many finance teams spend their valuable time on painstaking, manual processes which can now be swapped out for a faster, automated and more accurate option.
Mayday Recogniser lets you automate the recognition and creation of release and deferral schedules for Prepayments and Deferred Revenue, and one click post the journals back to your accounting software - meaning that the whole process now takes just a few minutes each month.
It provides visibility of all the transactions and how they are being released with a Balance Sheet view of the financial period.
Recogniser is a single entity product (meaning you can turn it on at the entity rather than the group level) and you can choose to use one or both of the products in the Recogniser range - Deferred Revenue and/or Prepayments.
If you would like any additional support or have any questions for the team, please get in touch using the chat support function, or via our email: support@getmayday.com
Continue to Step 1: Get set up with Recogniser