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Person fixing their accounting while prepping for investor due diligence.

How to Prep for Due Diligence Before You Raise Capital

Accounting, Bookkeeping /

What Founders Must Know About Investor Due Diligence Founders raise capital to help fuel product development, scale operations, attract talent and even gain a competitive advantage in the market. Average seed investment rounds are $3 million, but intense due diligence takes place from: Founders Investors Investors will assess the company, market traction, product and other […]

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The Biggest QuickBooks Online Setup Mistakes Business Owners Make

Accounting, Cloud-based accounting software /

8 QuickBooks Online Setup Mistakes to Avoid Your QuickBooks Online setup may be holding you back. Small mistakes cause business owners to miss out on the power of QBO’s best features and may cause inaccurate financial insights. We’ll explain how to fix a few errors in your QBO setup that may be sabotaging the platform’s

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Trust accounting

Accounting for Pro Bono Expenses and Discounted Legal Services

Accounting, Bookkeeping, Expense Management /

Accounting for Pro Bono Expenses and Discounted Legal Services Over the course of an attorney’s career, there’s a 75% chance that they’ll offer some form of pro bono legal services. You may or may not fall into this category, but if you do, you’ll know that there are still some expenses you incur. Traveling costs,

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Best Practices for Reimbursable Client Costs for Lawyers

4 Best Practices for Reimbursable Client Costs for Lawyers

Accounting, Bookkeeping /

4 Best Practices for Reimbursable Client Costs for Lawyers Law firms often incur expenses on behalf of their clients, particularly when working on a contingency fee basis. These costs, known as reimbursable or advanced client costs, can impact the firm’s financial reporting and overall profitability. Proper categorization and tracking are key to minimizing the risk

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Bank Reconciliation

Top Accounting Problems IT Companies Face (And How to Fix Them)

Accounting /

Top Accounting Problems IT Companies Face (And How to Fix Them) Streamlining your workflows, systems, and workforce is part of being a cutting-edge tech company that focuses on efficiency and profitability. Accounting problems can strain your business, causing: Poor cash flow Disorganization Potential costly oversights Avoiding accounting problems as a tech company is crucial at

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A laptop on a table featuring quickbooks crm integration

QuickBooks for Lawyers: CRM Integration

Cloud-based accounting software /

QuickBooks for Lawyers: CRM Integration Accounting is complicated, especially for law firms. But client relationships can be just as complex. Fortunately, QuickBooks can help you manage both of these things.  There are many advantages to using QuickBooks for lawyers (time savings, improved accuracy, automation, etc.), but one often overlooked advantage is CRM integration. Customer relationship

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Bank Feed

How to Properly Record Your Technology Expenses

Accounting, Bookkeeping, Small Business Accounting /

Technology Expenses 101: How to Record Cloud Storage, Server Costs & More Tracking technology expenses can be tricky for any business, but for SaaS and tech companies in general, it can be even more challenging. In addition to the tech costs associated with the creation and delivery of your products and service, you must also

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bookkeeping for saas

Bookkeeping for SaaS Companies: How to Handle Monthly Recurring Revenue (MRR) Properly

Accounting, Bookkeeping /

Bookkeeping for SaaS Companies: How to Handle Monthly Recurring Revenue (MRR) Properly Software-as-a-service (SaaS) is big business, generating over $390 billion worldwide each year and forecasted to grow at a rate of 19.38% annually. Annual subscriptions and enterprise options may be available for a SaaS, but monthly subscriptions are most common.  Bookkeeping for SaaS requires

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