Somewhat expensive solution to revenue recognition
January 08, 2026

Somewhat expensive solution to revenue recognition

Aviva Rosman | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Software Version

Growth

Overall Satisfaction with Maxio

We used Maxio to help us recognize revenue and track ARR. Maxio generated journal entries that made it easy to recognize revenue in QuickBooks Online, as well as easy reporting for understanding churn and concentration.

Pros

  • Generates journal entries for SaaS revenue recognition
  • Creates reports over time for SaaS metrics
  • Sends invoices

Cons

  • Reporting is a bit clunky to use and to export - more work is required to manipulate the data afterwards in Google Sheets
  • Definitely a learning curve and a long onboarding process
  • Ensuring we are GAAP compliant
  • Tracking churn and customer concentration
  • Understanding A/R and predicting cash flow
There is definitely a learning curve - to me the UI for reporting was not intuitive and often required me to ask our RevOps to pull data for me.

Do you think Maxio delivers good value for the price?

Not sure

Are you happy with Maxio's feature set?

Yes

Did Maxio live up to sales and marketing promises?

Yes

Did implementation of Maxio go as expected?

Yes

Would you buy Maxio again?

Yes

For us as a SaaS startup this simplified our revenue recognition and ensured we were GAAP compliant. It's possible for larger companies, this can be done by bookkeepers or more advanced QBO knowledge.

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