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Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

The concept of unearned revenue can easily trip up SaaS companies that offer subscription services and products on a recurring basis. Unlike when selling ordinary products, you cannot recognize the revenue earned from a subscription all at once. So, what differentiates ‘earned’ versus ‘unearned revenue’? Advance rent payments.

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

ProfitWell

In some states, SaaS companies are required to collect and pay sales tax for their products. 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. For tax purposes, software companies can fall into one of three categories according to U.S.

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How We Run Finance & Operations with Two People at ChartMogul

Chart Mogul

Yet, people lie at the heart of every software company, so taking good care of them is imperative for every SaaS business that wants to succeed. For us the software we use is the keystone that allows us to scale what we do. This is based not on MRR, but GAAP revenues. Excel is still the powerhouse in this category.

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

Stax

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.