Best Accounting Software for Rental Properties: Top Tools for Property Managers
The best accounting software for rental properties depends on a few key factors. In this post, we’ll go over these features and some software options that we think fit the bill. We’ll also talk about choosing the best one for your needs, and some challenges you might face. Key Features to Look for in […]
Accounting Software for Multiple Businesses: How to Choose the Right Platform
Looking for accounting software for multiple businesses? Multi-entity companies require a financial tool that will help them manage their businesses more effectively. In this article, we will outline the key things to look for when researching and how to choose the proper software. We will also outline the common challenges you may face when using […]
Top 5 Accounting Software for SaaS Companies
If you think finding the right accounting software for SaaS companies is difficult, this post is for you. We’ll run through the key features to look for and name a few options we think work well. Then, we’ll look at how to choose the best tool for your needs while avoiding the challenges with using […]
Accounting Software for Startups: What You Need to Know Before Investing
Which accounting software for startups is the best option? What are the benefits? What should you look for and what are other important questions to ask? Below we will help you answer these and more as we explore these digital tools. What is Accounting Software? It’s a digital solution for organizing your financial transactions. […]
Bookkeeping vs CPA Tasks: Which Do You Need for Your Business?
The choice between engaging bookkeeping vs CPA services can be a tricky one. However, by understanding their roles, we believe you can more easily make the right decision for your business. Understanding Bookkeeping vs CPA Roles The Role of a Bookkeeper A. Definition of a Bookkeeper Bookkeepers primarily focus on the everyday recording of a […]
The Ultimate Guide to Bookkeeping for Nonprofits
Proper bookkeeping for nonprofits is important in maintaining transparency and accountability. Nonprofits operate on a foundation of trust from donors, volunteers, and the community at large. Bookkeeping plays a vital role in upholding this trust. This way, resources can continue to come in to support projects for positive social change. Understanding Nonprofit Bookkeeping […]
SaaS Accounting Standards and Best Practices: What You Need to Know in 2024
There isn’t a specific set of SaaS accounting standards to follow. SaaS businesses use the same generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), depending on their location. However, we find some specific considerations when applying these standards to the SaaS business model. In this post, we’ll go over these along […]
SaaS Accounting Simplified: Boosting Efficiency and Profitability for Business Owners
SaaS accounting operates on the same principles as old school accounting, but has some cool features. In this post, we’ll go over what you can do with it and how that can help your business. Understanding SaaS Accounting SaaS accounting, or cloud-based accounting software, lives online. The software stays on remote servers that […]
How to Calculate Year Over Year Growth | Definition & Formula
To make the best decisions for your business, you need to understand where you are financially, what areas of your products and services have grown, and where changes might be necessary. Having the right financial information in place can assist you in analyzing your business and crafting budgets that support future growth and expansion. […]
Owner’s Draw vs Salary | How to Pay Yourself
While we all have different reasons that made us decide to start a business, the truth is that we also need to make a living. Working for free is not a likely option for most business owners, but figuring out how to get a paycheck from your business can be challenging, especially in the […]
