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Bookkeeping Basics for SaaS Companies: Managing Revenue Recognition

Shay CPA

On the surface, bookkeeping might not seem that complicated. Because of the Financial Accounting Standards Boards (FASBs) Accounting Standards Codification (ASC) 606 , its mandated that companies use whats called revenue recognition.

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Preparing for Your First Financial Audit: A Checklist for Startups

Shay CPA

Accrual accounting can be somewhat complicated, especially for software as a service (SaaS) companies, so we have a guide to help you better understand it. Theres another similar component of GAAP thats relatively new and applies to many startups: lease accounting. As of 2022, all U.S. And this isnt just an audit-specific to-do.

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Refresh Your Finances: Spring Clean Your Bookkeeping to Prep for Your Next Fundraiser

Shay CPA

Giving your bookkeeping a spring clean could be the key that unlocks success in your next rounds of fundraising. With that in mind, our team of expert tech startup bookkeepers and accountants put our heads together. GAAP stands for Generally Accepted Accounting Principles. If you’re using software for bookkeeping (e.g.,

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Spring Cleaning: How Organizing Your Bookkeeping Now Can Get You Ready for Your Next Fundraise

Shay CPA

In fact, giving your bookkeeping a spring clean could be the key that unlocks success in your next rounds of fundraising. With that in mind, our team of expert tech startup bookkeepers and accountants put our heads together. GAAP stands for Generally Accepted Accounting Principles. Your bookkeeping is no different.

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Why On-Time and Trustworthy Financials Are Vital to Your Business

GrowthForceBlog

7 min read Unless you are a bookkeeping and accounting professional, you likely didn't go into business with your heart set on financial reporting.

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What Needs to Be Included in Your Nonprofit’s Balance Sheet (AKA Statement of Financial Position)

inDinero Accounting

The third item on any balance sheet should show the difference between assets and liabilities—the total financial gain or loss. The net assets of a nonprofit balance sheet signify the departure from for-profit bookkeeping. Net Assets post-FASB Accounting Standards Update 2016-14. FASB Accounting Standards Update No.

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GAAP: What It Is and Why Your Investors Expect It

inDinero Accounting

The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. The components of GAAP can be broken down into two main categories: accounting procedures and reporting standards.