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. For tax purposes, software companies can fall into one of three categories according to U.S. Software accessed by the cloud Here is what we refer to when we talk about software-as-a-service.

SaaS Payments 52

SaaS Payments Payment Services Payment Methods SaaS 52

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

DECEMBER 5, 2018

Income statement — reflects the results of a period by showing revenue and expenses a company incurred. 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.

SaaS Payments 51

SaaS Payments Payments Payment Services Revenue 51

Stax

JANUARY 23, 2024

Most small business owners hunting for cloud accounting software will find themselves trying to choose between the two most popular names: Xero and QuickBooks Online. These two giants in the small business accounting software space are equally adored in the business community. Both solutions have this feature.

Payment Methods 88

Payment Methods Payment Solutions Payment Features Software Review 88