Outsourced Accountants for Tech & Software Companies
Software businesses are unique among other industries in that your typical business health indicators are not applicable. You'll need a partner who understands what to measure and how to adapt the accounting function to track what's needed. Do these challenges sound familiar?
Cash Management: What’s my monthly burn? How much cash should I keep in reserve for sufficient runway? Is cash receipts streamlined for growth?
Revenue Growth: What are my software metrics such as MRR, CAC, or LTV? Am I in a position to accelerate growth? Am I reporting my revenue correctly?
Investor Relations: Am I able to report our progress to the investor group accurately and timely? Do they have confidence in our numbers?
We’ve heard those questions (along with many more) and have designed our solution to help provide the answers. Translating your challenges into data-based performance indicators allow us to know how you're doing and what levers you can adjust to improve.
Now you’ll be in control and can grow with confidence, giving you a key advantage over your competitors. More important than that, you’ll be able to sleep easier at night.
Your New Accounting TEAM Awaits
We’ve worked with most of the cutting-edge applications available and have incorporated them into our processes.
Our accounting solution commonly combines multiple applications that allow us to fit into how you work.
The foundation is cloud accounting with Xero and Quickbooks.
Stripe, Bill.com, and Gusto are common add-ons that round out the complete accounting end-to-end solution. Once we know how you’re doing, we use applications like Spotlight, Futrli, Float and/or ProfitWell, ChartMogul to help you track your critical performance indicators and forecast into the future.
The streamlined flow of information allows us to process your day-to-day transactions quickly and provide timely, reliable financial statements at month-end. We maintain accrual-based financials, which can be toggled to cash-basis, so you have a better grasp of your performance.