Financial Reporting
Understanding SaaS Accounting: The Methods, Metrics, and KPIs That Matter
According to Gartner, the SaaS industry is projected to grow to a staggering $197B in 2023. And this trend will continue.
Blog
Financial Reporting
85 articles
Financial Reporting
MRR Should Really be Called ‘MRRR’ Due to GAAP Accounting Rules
Most people in SaaS know MRR stands for “monthly recurring revenue.” What many do not know is that MRR is not actually revenue.
Financial Reporting
How to Build a Commissions Plan Your Team will Love
If your organization is using spreadsheets to manage compensation plans for sales commissions, you may be doing a lot of rowing without getting very far.
Financial Reporting
Shape up your FinOps Before 2022
One simple discipline can take your Financial Operations from good to great—with no additional cost or headcount.
Financial Reporting
4 Steps For Writing a Solid Commission Policy
Like a revenue policy, a commission policy is a living document that helps you enforce the consistent application of FASB guidelines (specifically ASC 606).
Financial Reporting
Business Intelligence Transformed this Australian Legal Service’s Internal Operations
Gone are the days of cumbersome data analysis for Lawpath, Australia’s leading online legal platform.
Financial Reporting
How Accounts Receivable Management is Like The Oregon Trail Game
You probably didn’t know that Accounts Receivable management in a SaaS business is a lot like playing The Oregon Trail game. Allow us to explain.
Financial Reporting
Accounting for SaaS Companies: Why Go GAAP Early in SaaS?
In most emerging SaaS businesses, the focus is on cash flow and growth. The bookkeeping is left to whoever is sending the invoices and paying the bills.
Financial Reporting
Introducing Maxio Business Intelligence
Last year, on the heels of our acquisition of Keen.io, we announced the future of billing in the form of Events-Based Billing.
Financial Reporting
Switching to Accrual Accounting? 5 Things to Consider
When you’re a small SaaS business with very few customers, cash-based accounting makes sense. It gives you a more accurate overview of your cash position.
Financial Reporting
Need Help Maintaining ASC-606 Compliance?
In 2020, the Financial Accounting Standards Board (FASB) mandated the adoption of the ASC-606 accounting standards for private companies by December of 202o.
Financial Reporting
SaaS Revenue Recognition Challenges with QuickBooks (and What You Can Do About Them)
The relationship status of SaaS revenue recognition and QuickBooks accounting software? It’s complicated.
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