True revenue
Size the advance on sales, not deposits
Gross deposits carry transfers, owner money and loan proceeds. Underly takes them out and lists every exclusion with its transactions, so you can check each dollar that didn't count.
First 10 statements free. No card.
How it works
What comes out of deposits
- Transfers
- Money moved in from the merchant's own accounts.
- Owner and related parties
- Deposits from the owner and from related people or businesses.
- Debt proceeds
- Funding from MCAs, loans, leases, BNPL, factoring and other debt, so an advance never counts as sales.
- Reversals, returns and interest
- Reversed credits, returned items and bank interest.
- Large deposits
- A deposit worth 20% or more of an average month's true revenue is marked unverified. It stays in true revenue and is shown beside the total for you to check.
- By month and in total
- True revenue for each month, the whole file and an average month, with a bridge from gross deposits that has one line per exclusion.
FAQ
Common questions
Can I change what counts as revenue?
Yes. Relabel a deposit and true revenue recalculates. Changing whether a transaction counts asks for a reason, so the change is on record.
Are large one-off deposits taken out?
No. They stay in true revenue and are marked unverified, so you decide whether they belong.
How is the average month worked out?
Total true revenue is scaled to an average-length month across the days the statements cover, so a partial month doesn't drag it down.
Does it handle several accounts?
Yes. Put every account in one analysis. Money moving between them is labelled a transfer and left out.
Features
The rest of the read
- MCA stacking detectionEvery existing advance and loan by funder, with its payment, cadence and monthly total.
- Negative days and NSFsAverage daily balance, lowest balance, negative days and NSF returns, with a day-by-day balance calendar.
- Altered statement detectionPDF metadata and balance math checked on upload, so edited files are flagged before you fund.
- Line-item labelsEvery transaction labelled, from processor deposits to MCA debits and NSFs. Relabel in bulk and every figure recalculates.
- Debt-to-revenueExisting debt payments as a share of true revenue, so you see the room left before you fund.
Run your next file through Underly
The first 10 statements are free. No card.