SaaS Revenue Recognition Challenges with QuickBooks (& What You Can Do About Them) The relationship status of SaaS revenue recognition and Quickbooks accounting software? It’s complicated.  Revenue recognition on its own is incredibly complex, due in part to stringent rules and guidelines established by standards boards and regulatory agencies. Things only get more complicated from…

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finops scalability

When Gidi Fisher joined QA test automation company Testim in 2018 as Director of Finance & Operations, he had a tall task at hand: untangle the complicated jumble of spreadsheets where his predecessors had managed financial operations and position Testim for long-term FinOps scalability. Upon joining Testim, Fisher’s first task was to research subscription management…

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Cash to accrual accounting

When you’re a small SaaS business with very few customers, cash-based accounting makes sense. It allows you to keep things simple and gives you a more accurate overview of  your cash position, which is pivotal for small businesses where every dollar counts. However, as you grow, a variety of factors contribute to your need to…

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Introduction There are too many abbreviations and acronyms out there. This is true across all industries, but it’s especially true in the SaaS world. While it can certainly seem daunting to keep up with the never ending iterations of job titles and organizational frameworks, some are actually worth taking the time to familiarize yourself with.…

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What is FinOps?

What is FinOps? Financial operations, or FinOps for short, is the intersection of people, process, and technology as it relates to managing the financial operations of a business. For SaaS companies specifically, this holistic approach to financial management allows for you to be flexible in your operations while also solving critical needs with a thorough…

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FinOps University

If you’re like most B2B SaaS employees, you’re likely still housebound and trying to make the best of your WFH setup.  While many have spent their newfound down time trying their hand at new hobbies, like baking and binge-watching Netflix’s Tiger King, others are brushing up on their professional skills with organizations like Adobe practically…

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Getting accounting right from the start

By 2020, more than 80 percent of software providers will change their business models from “traditional” perpetual license and maintenance to subscription-based models. Why? Because the ease and simplicity for the customer — and the increase in market share — has made the subscription software model a strong contender over the last decade.   And this trend…

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