Deferred Revenue Template
Recognize revenue on schedule, not when cash hits the bank, and walk into any audit with clean, defensible numbers with this template developed by Josh Aharonoff (Founder of Mighty Digits) in partnership with Maxio.
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This template will help you:
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Spread revenue across each contract term automatically, month by month
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See a clean deferred revenue rollforward: opening balance, new invoices, revenue recognized, and ending balance
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Track it your way, by individual contract or by customer cohort
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Stay aligned with ASC 606 and IFRS 15 so month end close and audits go smoothly