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SaaS Sales Tax and What You Need to Know [2020] | ProfitWell

ProfitWell

In this post, we'll go over what those rules are for the 21 states that have sales tax laws on the books that pertain to SaaS businesses and products. 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. Audit-proof revenue recognition.

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The complete guide to SaaS revenue recognition with ASC 606

Chart Mogul

What's the difference between bookings and revenue? Revenue recognition. ASC 606 and its sister standard IFRS 15 bring a set of structured guidelines for recognizing revenue -- here's what every SaaS business needs to know to meet the deadline and get compliant. Cash is not revenue. What is ASC 606?

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SaaS Metrics Refresher #7: Revenue Recognition

Chart Mogul

In this week's lesson, we're tackling the tricky process of converting bookings into revenue — also known as revenue recognition. Repeat after me: cash is not revenue! Revenue recognition is a critical piece of accounting for any business. Definition: what is revenue recognition? Key terminology.

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How We Run Finance & Operations with Two People at ChartMogul

Chart Mogul

With only 2 people on our Finance & Operations team, we have to be smart about how we use our resources. Finance & Operations. The first thing that comes to mind when you think of a SaaS business? The Finance & Operations Team at ChartMogul. These are the tools that help us scale our work. Exciting, right?

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Xero vs QuickBooks Online: Which Accounting Software is Best for Your Business?

Stax

TL;DR Xero and Quickbooks are two of the most popular cloud-based accounting platforms. In reality, neither platform is necessarily better than the other. The stand-out platform will reveal itself only when assessed against your business needs. Integrations Xero can integrate with over 1,000 third-party platforms.