Millions of payouts. One ledger that reconciles them to zero.
GMV is not revenue, and the distance between them is where marketplace books go wrong. Aleq decides principal versus agent per flow under ASC 606, carries seller money as the liability it is, and reconciles the payout stream to the bank at $0.00.
GMV looks like revenue until the auditor asks gross or net.
Fees come off the top, payouts settle on their own clock, and at your volume no one ties them to the bank by hand.
“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.”
- callMakes the principal-versus-agent callper flowdecided
- bookBooks only the take rate as revenueposted
- oweTracks seller liabilities as it owes themtracked
- tieReconciles the whole payout stream to the bankovernightreconciled
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.
One payout arrives as one bank line — Aleq unpacks it into every underlying transaction and posts each processing fee where it belongs.
The books for marketplaces, run for you.
Aleq is the system of record and the controller that runs it. The work runs inside your policy and against your approval thresholds, and every entry it posts is signed, sourced, and reversible.
Principal vs. agent, decided per flow. Aleq 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.
Gross or net, split, fee, payout — decided per transaction.
GMV recognized correctly, not as revenue
Gross 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-level
Every 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 scale
High-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 & reserves
Amounts 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.
Everything the payout touches on the way to the books.
Seller payables, chargebacks, cross-border FX, and facilitator tax all move when a payout does. Aleq posts every one of them.
It speaks your accounting natively.
The standards and subledgers your model runs on — derived and posted by Aleq, not configured by you.
Questions, answered.
The payout stream reconciles overnight, to the cent.
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.