GAAP Software Capitalization Reporting
Automate GAAP software capitalization reporting using dev data from GitHub, GitLab, and Azure DevOps.
Executive Summary
TaxCredit.ai's GAAP Software Capitalization Reporting solution empowers tech-industry accountants to accurately calculate and report software development costs in compliance with GAAP standards. The platform integrates directly with leading developer platforms like GitHub, GitLab, and Azure DevOps, leveraging granular project and contribution data. This automation streamlines the complex process of identifying, categorizing, and quantifying eligible software capitalization costs, significantly reducing manual effort and enhancing data accuracy. By providing a data-driven approach, the solution helps companies ensure proper accounting treatment for internal-use software and software for sale, lease, or marketing. It aims to minimize audit risk and improve the efficiency of financial close processes by transforming raw development data into actionable, GAAP-compliant financial insights. This allows accountants to confidently manage software capitalization, freeing up valuable time for strategic financial analysis.
Use Cases
- Automating the calculation of GAAP software capitalization costs for tech companies.
- Streamlining the identification and categorization of eligible software development expenses from source code repositories.
- Ensuring compliance with GAAP standards for internal-use software and software for sale/lease.
- Reducing manual data entry and audit preparation time for software capitalization reporting.
- Providing data-driven insights for accurate financial reporting of capitalized software assets.
Features
Visibility
- Project Cost Breakdown: View detailed breakdowns of capitalized software costs by project, team, or specific development activity.
- Compliance Status Tracking: Monitor the compliance status of software capitalization efforts against GAAP standards and internal policies.
Intelligence
- Automated Cost Identification: Automatically identifies eligible software development costs from developer platform data using AI algorithms.
- GAAP Eligibility Analysis: Applies GAAP rules and guidelines to analyze and categorize software development expenses for proper capitalization.
Technical Specifications
- Deployment
- SaaS
Integrations
- GitHub
- GitLab
- Azure DevOps
Pricing
- Model
- Subscription-based
- Starting Price
- Contact sales
- Target Customer
- SMB,Mid-Market,Enterprise
About TaxCredit.ai
TaxCredit.ai develops R&D Tax Credit software that uses AI, data science, and LLMs to automate the process for businesses. It also helps tech-industry accountants calculate GAAP Software Capitalization costs using data from development platforms.