SaaStr

JANUARY 24, 2022

Take a read if you are still running finance yourself, or just have an part-time outsourced resource. In the old days, we didn’t have to worry about finance too much. SaaS accounting and finance has gotten pretty complicated, and the impacts of getting it wrong have gone up substantially. Accounting and Finance.

Finance 323

Finance Outsourcing Services Systems Review Technical Review 323

ProfitWell

JULY 8, 2020

These are the laws as of 2020, but you should always talk to a tax professional as the final word in sales tax & compliance issues. New York New York's Department of Taxation and Finance has issued several opinions stating that cloud-based software is taxable and therefore requires you to collect sales tax on SaaS products.

SaaS Payments 52

SaaS Payments Payment Services Payment Methods SaaS 52

Baremetrics

DECEMBER 16, 2021

To start modeling your finances and effectively operate your business, import your bookkeeping and accounting into FlightPath by Baremetrics. In accrual accounting, you need to recognize your revenue according to ASC 606 , which means you also need to involve a deferred revenue account.

Deferred Revenue 102

Deferred Revenue Payment Features Forecasting Banking 102

Chart Mogul

OCTOBER 27, 2017

There are a set of rules and guidelines focused around how businesses calculate and recognize revenue, and if you report earnings to investors or other business stakeholders, they’ll want to see this. Revenue recognition is a critical piece of accounting for any business, and compliance with official standards is not optional !

Payments 45

Payments SaaS Payments Payment Services Deferred Revenue 45

Chart Mogul

JUNE 6, 2019

With only 2 people on our Finance & Operations team, we have to be smart about how we use our resources. Finance & Operations. With just 2 dedicated people on the Finance and Ops team at ChartMogul, we have to be careful with our resources and make sure we don’t get spread too thin. Exciting, right? Probably not.

Payment Services 20

Payment Services Finance Payment Solutions SaaS Payments 20

Chart Mogul

DECEMBER 5, 2018

Recognized Revenue — commonly referred to as just “revenue” and reflected in the income statement. Payments that fulfill five criteria (see below) can be considered recognized revenue. Why is revenue recognition important? The bottom line here is that compliance with the above standards is not optional.

SaaS Payments 51

SaaS Payments Payments Payment Services Revenue 51

Stax

JANUARY 23, 2024

Billing is done directly from the project to keep project management and finance tightly connected. While Xero simplifies many accounting processes and is user-friendly, an accountant’s expertise is invaluable for complex financial decisions, tax planning, compliance, and optimizing your financial strategy.

Payment Methods 88

Payment Methods Payment Solutions Payment Features Software Review 88