SaaStr
JANUARY 24, 2022
During your first or next round of financing, or during any type of financial decision involving a third party, some type of due diligence will be performed by accountants that will define revenue per Generally Accepted Accounting Practices (GAAP). If they get too technical, ask them to explain it again in non-accountant speak.
SaaSOptics
JULY 14, 2022
Avoid the scramble for due diligence, audits, and month-end close. Board meetings, due diligence requests, month-end close, auditor requests—how many all-nighters have you endured to ensure your company is well represented? Too many. . Completing month-end-close efficiently. Achieving a quick and clean audit.
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Baremetrics
NOVEMBER 10, 2019
These three statements are a standard way to represent financials of any business from a mom-and-pop shop to a Fortune 500 company, and there’s no reason to reinvent the wheel for tech startups, either. . As their name suggests, Forecasting Models are used to forecast out a specific area of your business, such as revenue or payroll.
SaaSOptics
JULY 20, 2020
In a recent conversation, Principal at Fulcrum Equity Partners , Philip Lewis, and SaaSOptics CEO Tim McCormick talked about the hidden costs of getting SaaS metrics wrong, and Lewis walked through some of the most commonly miscalculated SaaS metrics he has seen during due diligence periods. . Frequently miscalculated SaaS metrics.
Baremetrics
SEPTEMBER 10, 2021
They can include patents, technology, licenses, contracts, and brands. For a SaaS business, the deferred revenue category is particularly important. Deferred Revenue: Counterintuitively, if you have collected money for services that have not yet been rendered, this is a liability because you owe the client for those services.
SaaSOptics
DECEMBER 20, 2021
Forecasting is an essential practice for growing businesses, especially considering the lightning-fast speed at which technology and the internet continue to change. Sales forecasting or revenue forecasting is a business process used to estimate future revenue by analyzing historical data, current trends, and other factors.
SaaSOptics
MAY 27, 2021
Turns out, there are some processes and technologies that you can implement to make your next financial audit run smoother. . Your auditors will request a random sampling of your customer data for review. . For more tips on how to simplify your SaaS financial audit, read this article from SaaSOptics CEO Tim McCormick. .
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