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The Top 10 Important Finance Mistakes First Time Founders Make

SaaStr

Take a read if you are still running finance yourself, or just have an part-time outsourced resource. Companies grew more slowly, there was nothing for a CFO to really do for years, and you could sort of outsource everything and just keep an eye on the bank statement. Find accounting firms that outsource different roles.

Finance 318
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How to Stop Micromanaging After $1m-$2m ARR. You Have To.

SaaStr

A new edition, new services, an outbound sales team, an account management / upsell team. From $1m to $10m ARR or so, as you build your first management team: You shouldn’t be the VP of Sales Anymore As You Scale. You still need to spend 15-20% of your time in sales. Add a layer. At least on the big customers.

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SaaS Balance Sheet Examples

Baremetrics

Accounts receivable includes the revenue that your company has recognized but not yet collected. As you receive payments for the services you’ve already provided, this account will decrease while your cash account will increase. For a SaaS business, the deferred revenue category is particularly important.

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

Stax

The former will deal with purchase orders and ringing up sales at the register, while the latter will need capabilities related to invoicing and managing client records. Payroll – Companies in need of payroll will also find Xero the winner through its partnership with Gusto to give you full-service payroll integrations.

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The 14 best SaaS tools: analytics, accounting, pricing, and retention

ProfitWell

Simplify accounting: Accounting can be a far bigger pain in the SaaS industry than other businesses, due to deferred revenue and other delayed revenue forms being common. Accounting software will keep all revenue assets organized. It offers a marketing, sales, and service hub—tailored to each aspect of your business.