The accounting rules and requirements for software-as-a-service or “SaaS” companies are fundamentally different from those required of traditional sales and service models. SaaS reporting and measurement involves a new vocabulary involving metrics such as MRR, renewal rates, churn, customer lifetime value (LTV), and customer acquisition cost (CAC). We speak fluent SaaS.
Since SaaS is a relatively new concept, the rules surrounding accounting and finance for SaaS are somewhat of a moving target and best practices are still evolving. The CFOs and finance/accounting team at EisnerAmper are at the forefront of SaaS accounting. Beyond just keeping up with the latest best practices, we like to think we are contributing to the creation of those best practices.
From helping build your financial model, to optimizing your pricing/feature tiers to maximize revenue and retention, to ensuring the ongoing reliability of financial information and metrics you will need to report to your investors, stakeholders, and tax authorities, EAO has you covered.
Contact us to discuss how we can build and support your financial and operational foundation.