Accounting for SaaS: What it is, How it Works, Software, and More
As the software-as-a-service (SaaS) industry grows, accounting for SaaS companies has become increasingly important. SaaS accounting is the process of managing financial records and transactions for SaaS companies, including tracking revenue, expenses, cash flow, and taxes.
Accounting for SaaS differs from traditional businesses in many ways. For example, revenue is recognized over the life of the subscription rather than at the time of product sale. But that's just the beginning of what you ne