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for marketplaces & platforms

Millions of payouts. One ledger that reconciles them to zero.

Aleq is the books for marketplaces — it makes the principal-versus-agent call under ASC 606, recognizes GMV gross or net correctly, and reconciles high-volume payouts, splits, and processor fees down to $0.00.

See it on your booksHow it works
synced from Stripe/Adyen & your bank · ties to the ledger
Settlement · livelive
GMV processed$1,240,000
agent — recognized netTake rate12%
Platform revenue$148,800
Seller liabilities$1,082,400
Payouts reconciled to $0.00 · nightlyreconciled
platform revenue · separated from GMV
12%
Take ratenet revenue over GMV
$0.00
Payout variancereconciled to the cent
100%
Settlements tracedto a bank line
$1.08M
Seller liabilitiesreleased on schedule
The reality today

GMV looks like revenue until the auditor asks gross or net.

Money flows in, gets split between sellers and the platform, processor fees come off the top, and payouts settle on their own schedule. Treating GMV as revenue overstates the top line; getting principal-versus-agent wrong restates it. At your volume, no one can tie payouts to the bank by hand. Aleq makes the call per transaction and reconciles the whole flow nightly.

the close, by hand
Stripe / AdyenPayout CSVsExcel splitsNetSuiteby hand
one ledger — read, derived, posted, signed
How it works

A transaction settles. Principal or agent, decided.

Treating GMV as revenue overstates the top line; getting principal-versus-agent wrong restates it. Aleq makes the call per flow and books only what the platform actually earns.

Booking · order #88231derived
1
Read · the transaction
Split the flow into its parts
Gross merchandise value$620.00
Seller share$545.60
Processor fee$18.40
2
Tested · ASC 606 control
Ran the principal-vs-agent test
Controls the service?no — the seller does
Sets the price?no
Conclusionagent · recognize net
3
Booked · net + seller liability
Only the take rate hits revenue
DRCash$620.00
CRSeller payable$545.60
CRPlatform revenuetake rate, net$56.00
CRProcessor fee clearing$18.40
GMV never booked as revenueposted
What Aleq runsautonomous
Principal vs. agent, decided per flowAleq evaluates control under ASC 606 for each transaction type and recognizes revenue gross or net accordingly — take rate as agent, full GMV as principal — with the basis documented.
GMV recognized correctly, not as revenueGross merchandise value, platform revenue, and seller liabilities are separated into distinct ledger accounts, so GMV never masquerades as the top line.
Splits & processor fees, transaction-levelEvery split between platform and seller, and every Stripe/Adyen processing fee, is recorded against the right party so net revenue and seller payables are exact.
Payouts reconciled at scaleHigh-volume payouts and settlements are matched to bank movements in bulk and reconciled to the cent — millions of transactions resolved to $0.00 overnight.
Seller liabilities & reservesAmounts owed to sellers, holdbacks, and reserves are tracked as liabilities and released on schedule, so the platform never books another party's money as its own.
what Aleq does

The books for marketplaces, run for you.

Aleq is the system of record and the controller that runs it — it does this work autonomously, inside your policy, and signs every move. Not a tool your team feeds; the colleague that closes the books.

the whole close

And it runs the rest of your close, too.

The payout flow is the hard part for marketplaces — but Aleq is the whole ledger behind it, buyer to seller to bank.

Payouts reconciled at scale

Millions of settlements matched to the bank, to the cent.

Seller payables & reserves

What you owe sellers, tracked and released on schedule.

Revenue · gross vs net

Principal-vs-agent decided per flow, under ASC 606.

Buyer collections & disputes

Receivables, chargebacks, and refunds on the ledger.

Continuous close

Accruals and the month sealed, day by day.

Multi-entity & FX

Cross-border settlements translated and consolidated.

Sales-tax & facilitator

Marketplace-facilitator obligations watched and filed.

General ledger

Every split traceable, always balanced.

From the field
“Money flows in, gets split between sellers and the platform, fees come off the top, and payouts settle on their own schedule. At our volume no one can tie payouts to the bank by hand.”
Finance lead · two-sided marketplace
Stripe / AdyenPayout CSVsExcelNetSuiteby hand
What Aleq does instead

Aleq makes the principal-versus-agent call per flow, books only the take rate as revenue, tracks seller liabilities as it owes them, and reconciles the whole payout stream to the bank to $0.00 overnight.

the whole batch, before you open itposted
built on the standards you live on

It speaks your accounting natively.

The standards and subledgers your model runs on — derived and posted by Aleq, not configured by you.

ASC 606 · Gross vs netPrincipal-vs-agent analysisPayout / settlement subledgerProcessor fee accountingSeller liabilities & reservesChargeback & refund handling

Reconciling payouts by spreadsheet?

Connect your processor and bank read-only. In 48 hours Aleq reconciles a settlement period to $0.00 and shows the gross-vs-net basis, signed.

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