Why Let's Ledger
by Michael Pirumov
When Will My Startup Be Profitable?
Earning revenue is a great business benchmark but every startup needs to be profitable to survive. As a founder, it is reasonable to ask when will my startup be profitable? Consider these 3 factors when reviewing your startup profitability.
When Will My Startup Be Profitable?
Earning revenue is a great business benchmark but every startup needs to be profitable to survive. As a founder, it is reasonable to ask when will my startup be profitable? Consider these 3 factors when reviewing your startup profitability.
Business Process Automation Tools For Your e-Business
Automation software and AI dominate our world. A business process automation tool will provide you with better insights into your backend, while connecting all components of your organization into a well oiled machine.
Introduction To SaaS Accounting
This is an accounting guide for new startups and entrepreneurs looking for a well-rounded explanation of SaaS accounting. We go through everything you need to set up subscription billing and accurately recognize recurring revenue.
We Are Beta Testing: A Beta Launch Plan
Testing, Testing, Testing, is this thing working? As part of keeping momentum in the market, SaaS models need to release quality products quickly. Here are the beta testing essentials to ensure your service products bring value to your audience and are free from glitches.
Cloud Tech Basics For Your SaaS
At the heart of SaaS is the world of cloud computing. Without a cloud tech stack, SaaS models cannot thrive. So having a base knowledge of how cloud based licensing services function brings better direction to your SaaS company.
Step-By-Step To ASC 606 Revenue Recognition
Dear subscription billing companies, are you looking for significant investors? Then it is time to get serious about ASC 606 revenue recognition. It is a compliance measure that ensures subscription sales reporting and performance analysis is normalized across industries.
The Touchpoint: SaaS Onboarding Guide
If subscription revenue rules your business, then you need to invest continued effort in SaaS onboarding. How you treat clients in the first 30-days with your brand factors heavily into growth. This is your guide to engagement touchpoints that increase customer retention and reduce churn.
Throw Out The Bad Debt Expense
Endlessly waiting on a customer to pay an invoice, but getting no response? Then it is time to throw it out and write it off as a bad debt expense. Having money tied up in accounts receivable messes with the clarity of your business performance. Treat bad business debt the right way, with this how-to.
Why is Unearned Revenue a Liability?
In accrual accounting, it is important to organize income properly. Especially when it comes to prepaid services. Prepayments are considered unearned revenue. You cannot instantly take in this type of revenue as income. Unearned revenue is a liability and is treated in a very unique way.
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