How to Track Deferred Revenue for SaaS Businesses

How to Track Deferred Revenue for SaaS Businesses

Subscriptions are the most important revenue stream for software-as-a-service (Saas) businesses. Yet many accountants don’t correctly record that revenue in the company’s books. This makes it difficult to see your true financial position and make...
Bullet-Proof Your Accounts Payable with 3-Way Matching

Bullet-Proof Your Accounts Payable with 3-Way Matching

How do you know whether the supplier invoices you’re paying are accurate — either accidentally or on purpose? The answer is the 3-way match system. Here’s how it works. Step 1: Purchase Order Make it a rule that your business does not buy anything without...
Behind on Your Bookkeeping? Here’s How to get ahead

Behind on Your Bookkeeping? Here’s How to get ahead

The receipts are piling up, you don’t remember which customers have been invoiced or suppliers paid yet, and none of it has been entered in your bookkeeping system. Right now it looks like a mountain you don’t have the time or energy to climb — and that...