If you have a SaaS business and you charge an upfront annual price as an option to your customers, you might know that you should spread those revenues equally over the months of the service agreement in your accounting books instead of showing one lump sum in the month it was received. For some, this process is not as easy as they would like it to be. So let's check out the top apps to track deferred revenues for SaaS businesses.
Interested in knowing how to run cash flow forecasting with Xero? Having an awareness of your business’s cash now and in the future is integral to staying ahead of the competition. With Xero and the tips in this blog, you can be on your way to making a cash flow forecast in minutes.
Do you enjoy your bookkeeping? Or does it make you want to rip your hair out? I would wager on the latter. So let's talk about bookkeeping automation for SaaS companies to help rid you of this pain. My team and I work with a lot of SaaS companies that simply aren't able to get control over this process. Nine out of ten times it's because the right tech stack is not being utilized and/or the tech stack is not being operated appropriately.
You are working with limited resources. You are working long hours. You are burning the candle at both ends trying to raise funding, develop your product, keep the team motivated and scale your business. Probably the last thing on your mind is to think about your accounting and collecting receipts for your bookkeeper. This is where the beauty of online accounting for tech startups comes into play...
"Xero looks good, but I heard that it doesn't work well in Canada." I hear this regularly from Canadian business owners looking to switch to Xero. That statement couldn't be further from the truth and those that say this are clearly misinformed. For Xero Canada to work, all it takes is setting things up properly from the get-go. In this article, we'll look at a few areas that need to be adjusted before starting to use Xero in Canada.
Xen Accounting is thrilled to have been selected as one of the winners of PME MTL's grants on November 11, 2016 in recognition of being an emerging, innovative business in the Sud-Ouest area of Montreal. The story was covered in the Métro newspaper and can be found by clicking here.
If you're a small business owner and you're paying your team members as consultants because you either want to avoid some of the administrative work that comes with payroll or because you want to save a bit on taxes, you might be exposed if you haven't considered the criteria that CRA uses to determine the employee vs contractor nature of the relationship. Below we'll look at 5 factors that the CRA uses to help make this determination.
If you're reading this article, maybe it's because you clicked on this link after searching for the keyword "accounting jobs montreal" in Google. If you searched for that keyword, then maybe it's because you're looking for something new in your career. Maybe you want a change and you want something different, something fresh.
If that's the case, you came to the right place. This article is intended to give you a rather new option when it comes to your career path: working at an online accounting firm. Here, we'll discuss the pros and the cons of why an online accounting firm might just be the right fit for your next career move.
Is the accounting for your SaaS business a disorganized mess? Is it far too inefficient for your liking? Does it result in you not getting you your financial data when you need it? Check out our guide to the best accounting software for SaaS businesses in order to start implementing the right accounting tech stack so that you can put these headaches behind you.
Curious to quickly know whether you would be a good match for a cloud accounting firm or whether you're better off with your current offering?
After speaking to hundreds of business owners over the past 3 years, we're able to pretty easily spot who would be a good fit for a cloud accounting firm and who would be better served elsewhere.