Key Considerations for Implementing Revenue Recognition

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Revenue recognition is one of the General Accepted Accounting Principles (GAAP) that identifies the specific circumstances under which the revenue is recognized and determines how to be accounted for. It is usually recognized when a critical event occurs, and its dollar amount is easily measurable. Planning and adhering to Account Standard Codification … Read more

What are GAAP?

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GAAP or Generally Accepted Accounting Principles is a common set of accounting principles, standards, and procedures that the Finance Accounting Standards Board issues. When accountants compile their financial statements for public companies in the United States, they must conform to the GAAP rules. GAAP combines authoritative standards set by the policy boards … Read more

Benefits of Using Invoice Templates

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When business owners are busy handling other things, invoicing becomes a challenge. Whether they are in charge of the customer services or their finances, they remain occupied all day. Every minute of their tight timetable is essential, and they want to make the best use of their time and abilities.  Making money … Read more

Making a Profit and Loss Statement for a SaaS Company

Profit and Loss statement

SaaS Company or “Software as a Service” is a subscription-based business model that helps deliver services over the internet. Compared to the traditional software that often requires users to be physically present in a specific location, you can access SaaS software from anywhere using almost any device. SaaS providers either develop their … Read more

The Pros and Cons of Deferred Revenue

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Deferred revenue has many benefits as well as risks that come with it. Understanding deferred revenue, as well as its pros and cons, can help you better apply it in your business. Using that knowledge, you can also be more cautious and safeguard yourself against the liabilities and risks that you might … Read more

How to Sell a SaaS Business Product: Success Tips

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Evaluating and selling a SaaS company is not easy. In the small business realm, evaluating a SaaS company is a topic of discussion and you can take a variety of approaches. However, if you are studying how the best practices of SaaS M&A work, you can identify some basic metrics you need … Read more

Guide to Starting a White-Label SaaS Business

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SaaS is a revenue and distribution model for software companies that generate revenue by billing their customers monthly or yearly. SaaS business can be very profitable if you achieve product-to-market adaptation and the right unit economy. One of the most common businesses in Saas platform is Saas white label products. If you … Read more

How Does the Casino Industry Use SaaS?

Software as a Service or SaaS is a process of software delivery that permits data to be obtained from any device that has an internet connection or web browser. This process eliminates the need for establishments to install and run applications on their personal computers or in their own data centers. It … Read more

Guide to SaaS Pricing Models and Strategies

Guide to SaaS Pricing Models

Introduction Businesses, whether small or big, choose SaaS over traditional software delivery methods mainly because of low initial costs and the flexibility SaaS model offers. Aside from these, more and more businesses in different parts of the world are investing in SaaS models because these offer scalability, integration, and usability. These features … Read more

SaaS Finance Terminologies: Acronyms of the Trade

Acronyms of the Trade

Introduction Many users find SaaS terminology confusing at first, especially people new to cloud technologies. Understanding SaaS terminology is essential in building a solid SaaS strategy or buying SaaS services.  Below we outline all of the important terminologies and acronyms related to SaaS and provide a brief overview of each. Some of … Read more