Hands-Free Revenue Recognition
Revenue recognition software your practice can run across every client contract automatically.
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Let AI Agent run your revenue recognition
One prompt. Multiple tools. Real outcomes.
Read contracts
Let AI Agent run your revenue recognition
Read contracts
Read this client's customer contracts and identify the revenue terms. Pull contracts from Gmail and the practice's shared client folder, extract pricing, term, performance obligations described, delivery milestones, ratable components and any variable consideration. Tag each contract by client revenue stream: SaaS subscription, services engagement, project milestone or hybrid. If a contract is ambiguous or differs materially from the practice's standard contract library, ask me whether to refer to the senior for FRS 102 analysis. Pause before recognising any pattern that has not been agreed by the senior. Ask me where the practice keeps the contract analysis policy. Save a note for the practice manager listing analysed contracts, ambiguous items and queries for senior review.
Map performance obligations
Map performance obligations for this client's contracts in Xero. For each contract analysed, identify the distinct goods or services to be delivered, allocate the transaction price across obligations on a stand-alone selling price basis and propose the recognition pattern per obligation under FRS 102 Section 23. Handle bundled offerings, optional renewals and rights of return as separate obligations where required. If an obligation lacks a stand-alone selling price, ask me whether to use the residual approach or to refer to the senior. Pause before locking the obligation map. Save a note for the practice manager listing obligations mapped, allocations proposed and items awaiting senior interpretation before the revenue schedule is built for this period.
Run revenue schedule
Run the period's revenue schedule for this client in QuickBooks. Pull every active contract with its mapped performance obligations, recognise the portion delivered in the period under the agreed pattern (ratable, milestone, output or input) and prepare the recognition journal. Roll the schedule forward for the next twelve months so the senior can see the deferred revenue runoff. Compare actual recognition this period against the forecast from last period. If a variance exceeds the practice's materiality, ask me before locking the schedule. Pause before posting any new recognition pattern. Save the revenue schedule and the supporting working paper to Google Drive ready for senior review and the close pack.
Post deferred journals
Post the deferred revenue journals for this client in Sage 50. For each contract with unsatisfied performance obligations, compute the closing deferred revenue balance per obligation, post the period's release from deferred to recognised revenue and reconcile the opening to closing balance against the contract list. Identify any deferred balance that no longer ties to an open performance obligation and flag for senior review. If a contract has been amended or terminated, ask me whether to adjust the deferred balance retrospectively or prospectively. Pause before posting a deferred adjustment above the agreed materiality. Save a note for the practice manager listing journals posted, deferred reconciliation and items awaiting senior interpretation.
Trusted by the world's best
“Each customer request used to take 4 hours of manual work across 3 different systems. Now with Minded over 80% of payment requests take less than 10 minutes and our VIP customers have never been happier.”
“We serve 40% more clients per bookkeeper with no new hires. AI files the tax forms and drafts the documentation. Each bookkeeper gets 12 hours a week back for review and advisory work.”
“We dropped Excel sheets and finance emails for automating payments and invoices for 50K restaurants. AI worked on top of SAP without migration.”
Integrate with your existing software
Seamlessly integrate revenue recognition workflows with your existing tools, ERP, and communication channels.
Benefits
Automated revenue recognition with AI Agents
Contract reading, performance-obligation splits, deferred-revenue schedules and recognition journals stop landing on senior time per client. The AI Agents repeat the rev-rec motion across the book, wh
Schedules that learn each client's contract patterns
SMB revenue is mostly recurring contract shapes: monthly SaaS, quarterly retainers, fixed-fee projects. Minded learns each client's contract library, applies the policy per shape and updates as new co
One revrec flow across Xero, QuickBooks, Sage 50 and FreeAgent
A real practice runs revenue recognition for clients on Xero, QuickBooks, Sage 50 and FreeAgent at the same time. The same contract analysis, obligation mapping and schedule motion runs natively in ev
Activate your tools without APIs
Forget about asking your CTO to shift priorities, let your agents operate like your humans do and deliver real value to your customers from day 1.