Bookkeeping for Software as a Service (SaaS) companies presents a unique set of challenges and opportunities. Unlike traditional businesses, SaaS companies operate on a subscription-based model, often deal with deferred revenue, and have complex financial metrics that...
QuickBooks has long been the standard in accounting software, and for good reason. It’s a robust tool packed with lots of features, and it can scale with your business. That said, it’s not the only player in the game. And some of the other options can offer...
When it comes to SaaS companies, the month-end close isn’t just about numbers—it’s about people. A successful close requires not only the right tools and processes but also a skilled and collaborative team. This blog will explore the roles, workflows, and strategies...
Each year, we like to tee up a few accounting tips. While there are absolutely some best practices all tech companies should deploy year after year, it’s also true that things change in the accounting world. As new regulation impacts taxes and new bookkeeping...
Growing a startup comes with a potentially heady mix of near-endless opportunities surrounded by countless pitfalls. While the freedom that comes with scaling up the business is exciting, sometimes it’s nice to know you’re on the right track as verified by outside...
On the surface, bookkeeping might not seem that complicated. A client or customer pays you money, so you record it on your books on the date it was paid. Right? Wrong. Because of the Financial Accounting Standards Board’s (FASB’s) Accounting Standards Codification...
Running any business comes with a small mountain of paperwork. There’s all the documentation you need to file at founding. You need to manage your annual filings with the IRS and applicable state tax authorities. You need to periodically renew registrations, licenses,...
At the start of this year (2024), new legislation was enacted requiring many companies operating in the U.S. to complete an additional filing. Before you start dreading this extra to-do, you should know a few things. First, the filing is relatively simple. Secondly,...
The month-end close is a critical tool in any tech company’s arsenal. It’s also a lot of work. Gathering up all of the details you need to look back over the last month and account for every penny can be a major lift. Add in the need to update key financial reports...