Top 5 Tips for Picking the Right Accounting Software (Don’t miss #4)

Top 5 Tips for Picking the Right Accounting Software (Don’t miss #4)

  Founders, at the earliest stages of their businesses, have a number of high leverage decisions to make.  As these relate to their bookkeeping and accounting, those decisions include deciding on the type of accounting method to abide by, as well as the specific accounting software they’ll trust to get the job done. There are many inherent tradeoffs  that come along with making these decisions—and […]

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7 Key Considerations When Building Your Finance Team (Start w/ #4)

7 Key Considerations When Building Your Finance Team (Start w/ #4)

While there may be no universal answer to the question “When it is the right time any given company needs to hire a Chief Financial Officer”, the truth remains that businesses of all sizes can benefit from the guidance a CFO can bring to the table. From startups to large corporations, these professionals combine financial expertise with growth strategies to help companies maximize their profits […]

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Accrual vs Cash-Basis Accounting

Accrual vs Cash-Basis Accounting

Accrual and cash-basis accounting are the two primary methods businesses use in tracking their income and expenses. However, depending on the size of your business and other factors, one accounting method may be better-suited than the other. By understanding the differences between each method, you can determine which is best for your company’s needs. Cash-Basis Accounting: Simple to implement, but can distort financials With cash-basis […]

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SaaS Revenue Recognition

SaaS Revenue Recognition

Not so long ago, most consumers purchased software on discs to load onto their own computers. They used the software for years, or at least until they needed to upgrade. Today, software-as-a-service, usually called SaaS, has become the norm. With SaaS, consumers purchase a subscription to use and run software that the vendor hosts.  This subscription may also include a bundle of various services.  These issues […]

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