How to Find a Good Bookkeeper: Outsourced Bookkeeping Services for Rural Firms
Nearly all small businesses struggle with hiring experienced staff at one time or another. The 2024 NFIB Small Business Problems and Priorities Report ranks “locating qualified employees” as one of the top 10 struggles of small businesses. But for rural small business owners, this struggle of how to find a good bookkeeper is magnified due […]
9 Ways Gross Profit Misleads CEOs: Calculating Gross Profit
Gross profit is gross profit, right? The math is simple enough. To calculate gross profit: subtract the cost of goods sold from revenue of the same time period to yield your gross profit. To calculate gross profit margin, divide gross profit by your total revenue from the same period and you have your figure. Unfortunately, there’s […]
4 Steps to Useful Cash Flow Projections
Profits don’t pay bills, cash does. Just because a firm is profitable doesn’t mean it won’t run out of cash. Cash flow projections may be the single most important business planning activity you perform, in good times or bad. Whether you are wondering if you can afford that next hire, take a dividend or simply […]
When to Hire an Employee: Be Careful to Time it Right
As a trusted adviser to our clients, we routinely have a seat at the table during the hiring debate. Business owners will want to weigh a handful of factors when considering the timing of their next hire (eg: what to pay, to whom the new employee will report, how he or she will be trained, […]
Maxio vs NetSuite: Who’s Best for Subscription Billing?
Your SaaS business is gaining traction and you’re outgrowing the basic accounting software that’s gotten you this far. With recurring and non-recurring revenue streams, varying contract terms, and higher volume, revenue recognition has become a real challenge.
ASC 606: SaaS Revenue Recognition in Five Steps
For most SaaS businesses, recurring revenue generated from subscriptions is the primary driver of growth … and of enterprise value. But, while the business model is conceptually simple, the financial reporting and revenue recognition policies behind it can be quite complex. With contracts spread over multiple time periods, varying terms, contract expansion and contraction, terminations […]
Why Do A Bank Reconciliation: 5 Reasons to Reconcile Monthly
First things first, for those new to reconciliation, to reconcile a bank account means to identify and explain the differences between the entries in your accounting system and the corresponding transactions listed on your bank or credit card statement. In other words, this means ensuring your bank statement balance and bank account balance align with your […]
Netsuite vs. Intacct: Which is Better for SaaS Accounting?
For early stage Software-as-a-Service companies, simple, easy-to-use accounting software makes sense. Many startups combine a cloud accounting platform like QuickBooks Online with a subscription billing tool like SaaSOptics. This can be an effective solution—up to a point. You get the SaaS accounting software you need, while avoiding the overhead of an enterprise-level platform.
Key SaaS Metrics Glossary: Align Your Team | SAAS METRICS PLAYBOOK
SaaS metrics are more than cookie-cutter formulas for tracking high-level KPIs. They are dynamic growth tools that should inform the decisions your leadership team, management, and board make on a routine basis. Used well by your SaaS business, they highlight trends, reveal opportunities, and keep everyone aligned on building enterprise value. Used poorly, however, SaaS metrics […]
How Much Do Part-Time CFO Services Cost In 2025?
Are you frustrated with the state of your firm’s finances? You’re not alone. That happens to a lot of small business and nonprofit leaders. That’s the reason there is both supply and demand for part-time CFO services. Many organizations start off thinking finances are simply about tax compliance. But by now, you probably realize there’s […]