It's refreshing to find a product that does exactly what it says it will. Spread will make a huge difference to our month-end deferred income and prepayment accounting processes, and the reconciliation reports are an excellent addition.

The perfect add-on to make up for Xero's deficiencies. Spread has transformed the processing of deferred income and prepayments. Not only is it intuitive and easy to use, but on the rare occasions where support is needed the response in almost instant.

We were looking for a Xero-friendly solution to automate accruals and prepayments, mainly on the purchase side. We process up to 200 bills per month, many of them related to SaaS tools, so accurately capturing the service period is very important for us. We booked a demo with Dominic, which was both informative and very friendly. He created an open atmosphere that encouraged exploration and questions, making it easy to understand how the platform could fit our processes. Following the demo, we had a two-week trial period during which we imported a month’s worth of bills and allowed Spread to suggest accrual and prepayment journals. We found that, as long as the service period is clearly shown on the invoice, Spread is very effective at identifying it and suggesting the correct allocation. The system itself is intuitive, easy to use, and works seamlessly. During the trial, we did not encounter any technical issues. Whenever we had questions, Dominic responded within hours (sometimes even minutes!) which allowed us to make the most of the trial period. In addition to accruals and prepayments, Spread also offers a very useful Recurring Bills functionality. Users can mark regular suppliers or accounts and ask Spread to monitor invoice receipt. If an invoice is not received during the month, Spread flags it and suggests an accrual based on a weighted average. The platform also offers a high degree of flexibility, allowing users to configure workflows in the way that best suits their business. As the trial was successful, we decided to implement Spread. We are optimistic that it will improve the accuracy of our monthly reporting without creating a significant additional workload. We also understand that the Spread team has several product updates planned, and we look forward to seeing these developments in action. Overall, the demo, trial, and onboarding experience were excellent, and we are confident that our cooperation with Spread will be a success.

I’ve been using Spread mostly to manage deferred revenue but have also found it massively valuable for posting adjustments for prepayments, it catches things we used to miss and I look forward to using it every month. Setting up was actually quicker than I expected. It was pretty straightforward and I was able to start using it almost straight away. It was nice to not need a manual just to get going. Would recommend

Our biggest issue was clients trusting their numbers. They would query the timing issues, things sitting in suspense, or prepayments not unwinding properly. Since using Spread, the reports are just cleaner. Revenue and costs are in the right place, and we’re not having to justify the numbers anymore. That alone has made a big difference to how clients see our work.

We’ve always wanted to do more advisory work, but month end kept pulling us back into admin and spreadsheets. Accruals, journals, reversals, it just ate time. Spread has taken most of that away. The repetitive work is handled in the background, so we can actually spend time reviewing the numbers and talking to clients about what they mean.