What’s included in Virtual CFO Services? Why is it a growing trend?
Now more than ever, startups and corporates are looking for ways to run lean. There is pressure to make cuts to staff and outsource when possible, and this has led to a trend of hiring virtual CFO services over the more traditional in-house full-time CFO.
SaaS Accounting & SaaS Finance: Twin Engines for SaaS Growth
Optimizing your accounting practices for the SaaS space is critical to running a healthy SaaS business, but it’s not enough to transform it into a market leader. For that, SaaS finance expertise is essential. In this article, you’ll learn how accounting and finance fit together, the functions and roles in each, how you can benefit, […]
Debt vs. Equity: Selecting the Right Type of SaaS Capital
Two of the primary forms of SaaS capital—debt and equity financing—are often defined by their drawbacks. Debt financing, as the name implies, requires taking on a loan and repaying principal with interest. Equity financing avoids the need for current payment, but requires SaaS founders to give up a portion of the ownership of their company. […]
How to Build a SaaS Finance/Accounting Team by Growth Stage
Your SaaS company is poised for rapid growth. As you scale, solid financials are the key to growing efficiently and maximizing valuation—but your finance department is already getting stretched thin. You’ll need more resources, more expertise, and more insight to confidently manage stakeholders and fuel important decisions.
When Are Fractional CFO Services Right for a SaaS Business?
Your SaaS business is going from strength to strength. You’re bringing in more customers, building your ARR (annual recurring revenue), and positioning your firm to tackle the next stage of growth. Until now, you’ve been able to handle all of your accounting and finance needs—whether that’s through a small, internal finance team, an outside accountant, […]
How to Find a Virtual CPA: 4 Questions to Navigate to the Right One
Your Virtual CPA (certified public accountant) is a crucial part of your finance team. They must turn a year’s worth of accounting entries and financial data from your accounting department into final yearend financial statements that ultimately lead to the smallest possible tax liability. It seems as though there’s a CPA on every corner offering […]
9 Reasons to Entertain an Accounting Career
There are so many reasons why anyone would want to consider a career in accounting and finance. This article addresses the most compelling motivations below, but first, we thought it was important to clearly define what an accountant is and describe exactly what they do. The accountant’s role is critical to every organization from the […]
ARR vs. EBITDA: Best SaaS metrics for Valuation
Valuing SaaS companies is complicated. Every business model is unique, every deal is nuanced, and markets are constantly evolving. With so many factors involved, it’s no wonder that buyers, investors, and sellers often arrive at very different numbers. And, it’s no surprise that questions abound.
SaaS Subscription Management: Choosing the Right Platform
Identifying the right SaaS subscription management platform is one of the most important decisions a growth-minded SaaS business will make. There are plenty of options to consider, from entry-level subscription billing software to full-scale ERP systems, but the right solution will ultimately depend on the unique needs of your business.
9 Advantages of an Outsourced Virtual Finance Department
If you receive accurate, insightful financial reporting and operation reports each month — without taking time away from where you need to be adding value — and that information fuels the decisions that drive your business month after month, then there’s no need to read on. However, if you’re like most small business leaders […]