In recent years with the surge of the SaaS economy, accounting practices have evolved too.
But the question remains - when should a SaaS business start worrying about a robust accounting system? At an early stage, or when they grow into an SMB, or as an enterprise business?
The answer is, from the absolute beginning. No matter what stage a business is in, it has to keep track of the cash inflows and outflows. That makes accounting essential.
This guide comprises the basics and some not-so-basic concepts of SaaS accounting, to make the finance executive as well as the founder-who-doubles-up-as-an-finance-exec’s life easier.
And while we are talking about exploring the basics and moving deeper, here’s an extensive list of resources useful for SaaS finance teams.