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The Top 10 Important Finance Mistakes First Time Founders Make

SaaStr

that weren’t captured in existing, crappy tracking systems. Equally important, is my advice on how to fast track your company’s proper finance and accounting support systems. Mistake #1: Bookings are not revenue. Always, my first questions is, “What’s your revenue?” Cash is king. But don’t.

Finance 323
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Unearned Revenue: What it is and What it Means for Subscription Businesses

Stax

In this guide, we’re going to explore unearned revenue and revenue recognition for subscription businesses and how you can ensure that your business is recognizing revenue accurately. TL;DR Unearned Revenue refers to funds received for goods or services that haven’t been fully delivered.

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The complete guide to SaaS revenue recognition with ASC 606

Chart Mogul

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 !

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

Stax

Examining reviews of Xero vs QuickBooks Online can often lead to more confusion. There are far too many to mention here, but some of the most beneficial integrations include: CRM systems Time tracking tools Reporting tools Ecommerce platforms Email marketing tools Point-of-sale systems Inventory management Debtor tracking.