---
id: quickstart
title: 10-Minute Quickstart Guide
sidebar_label: Quickstart
description: Get started with GAAPx in 10 minutes. Set up your entity, upload your first contract, and generate an ASC 606 revenue waterfall schedule.
keywords:
  - GAAPx quickstart
  - ASC 606 setup guide
  - Revenue recognition quickstart
  - Contract ingestion tutorial
author: GAAPx Product Team
last_updated: 2026-10-02
---

# 10-Minute Quickstart Guide

> **Quick Summary:** In this guide, you will configure your legal entity, upload a customer Master Services Agreement (MSA) or order form, review AI-extracted Performance Obligations (POBs), and generate your first ASC 606 revenue waterfall schedule in under 10 minutes.

---

## Step 1: Verify Your Active Legal Entity

1. Navigate to your **[GAAPx Dashboard](https://app.gaapx.com)**.
2. In the top-right header, select your active **Legal Entity** (e.g., `Acme Corp US`).
3. Under **Admin > Company Information**, confirm your functional currency (e.g. `USD`) and fiscal year end date.

---

## Step 2: Upload a Customer Contract

1. Navigate to **Contracts > Ingestion**.
2. Click **Upload Contract** or drag-and-drop a customer agreement (`PDF`, `DOCX`, or `Scanned Image`).
3. GAAPx AI will automatically parse the document and extract:
   - **Customer Name & Legal Entity**
   - **Effective Date & Term (Start / End Dates)**
   - **Total Transaction Price ($)**
   - **Contract Line Items** (Platform Subscription, Implementation, Support, Usage Credits)

---

## Step 3: Review Performance Obligations (POBs)

1. Open the extracted contract detail view.
2. Verify that each line item is mapped to the correct ASC 606 treatment:
   - **SaaS Subscription**: Distinct POB recognized *Over Time* (Daily / Monthly ratable).
   - **Professional Services**: Distinct POB recognized *Point in Time* or upon milestone sign-off.
   - **Prepaid Usage**: Recognized upon consumption.
3. Review the **Relative SSP Allocation** computed by GAAPx. If discounts were provided in the contract, GAAPx automatically prorates the discount across eligible POBs.
4. Click **Approve & Activate Contract**.

---

## Step 4: View the ASC 606 Revenue Waterfall

1. Navigate to **Reporting > Revenue Waterfall**.
2. Select your fiscal year (e.g. `2026`) and view the monthly amortization matrix:
   - **Recognized Revenue**: Total earned revenue per month.
   - **Deferred Revenue (Contract Liability)**: Unearned billings awaiting recognition.
   - **Unbilled Receivables (Contract Asset)**: Recognized revenue exceeding billed amounts.
3. Click **Export** to download the schedule as an Excel (`.xlsx`) or audit-ready PDF package.

---

## Next Steps

- [Connect your General Ledger (NetSuite / QuickBooks)](../integrations/quickbooks)
- [Configure the Model Context Protocol (MCP) Server](../integrations/mcp)
- [Set up Month-End Period Locks](./period-close)