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Understanding the Importance of a Merchant of Record for Digital Products

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Keeping all that in mind, this blog will detail how a merchant of record can help various businesses, such as software development companies, digital media companies, electronic book publishers, alongside online education providers, by handling taxes, managing transactions, avoiding fraud, and enhancing customer experiences.

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You’re Holding Your Business Back If You’re Not Automating These 5 Processes

SaaStr

Of course, you should be thoughtful about what you choose to automate. But—and no one knows this better than you—SaaS solutions can save your team so much time. Practice what you preach to your users, and position your business for faster growth by automating these five processes. #1 1 Sales tax. 3 Payroll.

Business 314
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The most common mistake SaaS companies make on sales tax collection and filings

SaaStr

Wondering how your SaaS business got slapped with a multi-million dollar sales tax bill from one or multiple states? Probably because you, like so many other SaaS companies out there, didn’t even know you had to collect and remit sales tax. Sales tax laws across the United States are pretty inconsistent, especially for SaaS solutions.

SaaS 161
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What Is Owner’s Equity in SaaS?

Baremetrics

Few business owners are as passionate about what they do as those of SaaS companies. What Is owner’s equity in SaaS? What’s included in owner’s equity in SaaS? What Is owner’s equity in SaaS? What’s included in owner’s equity in SaaS? Table of Contents. Retained earnings ii.

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The Top 10 Important Finance Mistakes First Time Founders Make

SaaStr

SaaS accounting and finance has gotten pretty complicated, and the impacts of getting it wrong have gone up substantially. I’ve worked with numerous start-ups that used outsourced accounting services with zero SaaS experience, and these firms didn’t even recognize automatic upsells, additional seats, etc. — Jason, ed.

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Unpacking Merchant Accounts, Merchant Records, and Payment Gateways for SaaS Success

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And since the processing of online payments is key for the success of any SaaS business in today’s world, it makes the knowledge of knowing the difference between payment gateway vs merchant account just as crucial. Read more: What Is Merchant of Record (MoR)? What is a payment gateway?

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What Is Bootstrapping a Business?

Baremetrics

If you’re looking for a smart way to approach your SaaS business’s cash flow, with great prices for people who are bootstrapping their business, get in touch or sign up for the Baremetrics free trial today. What are the bootstrapping stages? What are the pros and cons of bootstrapping? What does bootstrapping look like for SaaS?