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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