Five steps, a handful of judgment calls, and a reviewer who will ask how you got there. GAAP IQ researches each question against the handbook guidance, drafts the memo issue by issue, and models the footnote on how your peers disclose revenue.
Principal versus agent, over time versus a point in time, the constraint on variable consideration: the calls that decide revenue are the ones a reviewer reads first.
MemoIQ's revenue playbook drafts in order: scope, contract existence, principal versus agent, performance obligations, transaction price, timing, allocation, then contract costs under ASC 340-40 and presentation.
Principal versus agent and over-time versus point-in-time are threshold calls: the memo stops for your judgment, or autopilot drafts through and flags the assumption in the margin.
A contract change gets its own analysis: a separate contract, a prospective treatment, or a cumulative catch-up, with the guidance quoted for the path it takes.
Ask the question in plain English. ResearchIQ answers from the revenue handbooks in the corpus, and a verifier checks every citation against its source text before you see it.
Practical expedients and policy choices are made once and relied on every quarter after. PolicyIQ pins each one down before a chapter is drafted.
Sales-tax presentation, shipping and handling, the one-year commission expedient, the significant financing expedient, the right-to-invoice expedient, and the measure of progress are each asked as a choice.
Each chapter is drafted from your answers with page-level handbook citations, and AI edits arrive as redlines you accept or reject change by change.
Approval records who approved the chapter, when, and its effective date, and every later change snapshots the prior version.
Revenue notes are long and the market has conventions. DisclosureIQ drafts against the requirements, and ScheduleIQ builds the supporting schedules in Excel.
DisclosureIQ pulls how up to 3 comparable public companies disclose revenue in recent 10-Ks and drafts your note on that structure, grounded in handbook guidance on the requirements.
Disaggregation, contract balances, remaining performance obligations, and the rest come back marked met, partial, or not applicable with a note. Nothing is silently skipped.
ScheduleIQ designs deferred revenue waterfalls, commission amortization, and contract balance rollforwards from your inputs, and flags any schedule it could not independently tie out.
Every plan includes all seven tools on GAAP IQ. These are the four a revenue question reaches first, with ScheduleIQ building the waterfalls behind them.
Every plan includes all seven tools: Professional is $149 per month, or $1,490 per year (two months free), and Enterprise is $399 per month, or $3,990 per year. Details on the pricing page.
Worked through in full: the five steps applied to advisory fees, contract modifications, the variable consideration constraint, and sales commissions under ASC 340-40.
Yes. Describe the arrangement in plain words and MemoIQ scopes the issues, then drafts each one with the guidance quoted and the analysis cited: contract existence, performance obligations, transaction price, allocation, timing, and contract costs under ASC 340-40. Judgment calls such as principal versus agent pause for you, or autopilot drafts through them and flags the assumption. Treat the draft as a research starting point, not professional advice.
Yes. The revenue memo covers incremental costs of obtaining a contract, PolicyIQ asks whether you elect the practical expedient to expense commissions with an amortization period of one year or less, and ScheduleIQ can build a commission amortization schedule in Excel from your inputs.
Yes. DisclosureIQ pulls how up to three comparable public companies disclose revenue in recent 10-Ks, distills the structural pattern, and drafts your note on it, grounded in handbook guidance on the requirements. Every draft arrives with a requirement-by-requirement checklist marking each item met, partial, or not applicable.
ResearchIQ retrieves from indexed Big 4 interpretive handbooks, including revenue recognition guides, and a verifier model checks every citation against its source text before the answer is shown, stripping anything it cannot support. Every surviving claim opens the handbook at the exact page.
The free plan includes one full cited research session, one memo, one disclosure, one policy, and two schedules to try on a real question.
No credit card required