SaaStr

JANUARY 24, 2022

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. Cash is king.

Finance 323

Finance Outsourcing Services Systems Review Technical Review 323

SaaSOptics

MARCH 22, 2022

While we all wish to be like Smaug, counting the cash we have today, SaaS companies need to think ahead. Revenue accruals are how we do that. But instead of counting what we have today, SaaS companies use a ledger to add up all the gold—I mean, cash—that they one day will get. . Revenue Accrual Definition.

Payment Services 83

Payment Services SaaS Payments Deferred Revenue Payment Methods 83

ProfitWell

JULY 8, 2020

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. How is a SaaS product/company defined in the US?

SaaS Payments 52

SaaS Payments Payment Services Payment Methods SaaS 52

Chart Mogul

OCTOBER 27, 2017

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?

Payments 45

Payments SaaS Payments Payment Services Deferred Revenue 45

Chart Mogul

DECEMBER 5, 2018

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. Why is revenue recognition important? ” Deloitte.

SaaS Payments 51

SaaS Payments Payments Payment Services Revenue 51

Chart Mogul

JUNE 6, 2019

The first thing that comes to mind when you think of a SaaS business? 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. A bit later in the month, we prepare a revenue report for tax purposes. Finance & Operations. Exciting, right?

Payment Services 20

Payment Services Finance Payment Solutions SaaS Payments 20