Aurum Solutions’ Post

Nicolas Kopp, the Founder and CEO of Rillet recently joined our host Ray Rike on the Metrics that Measure Up Podcast Nicolas has a vision to help recurring revenue companies leverage a Financial Management Platform purpose-built for their business model During the conversation, Nic and Ray cover the following topics: ✔ Unique Accounting Challenges in a Recurring Revenue Model ✔ The Importance of Revenue Recognition in a Recurring Revenue Business ✔ Financial Performance Reporting beyond the Income Statement ✔ Entering a Mature Market Category with a New Company + New Product One of the first challenges a recurring revenue business will face is translating an annual subscription and the associated "bookings" into GAAP revenue. Nic shared that the the #1 issue he sees early SaaS company's CEO face is the ability to answer the quests "What is my MRR/ARR and do I trust it?" The questions evolve including "What is my deferred revenue?" and "Do I trust my accounts receivables report?" Traditional accounting platforms, such as QuickBooks do not include the concept of "recurring revenue" and the associated reporting requirements The Accounting Platform space is quite mature, and most companies are not proactively looking to swap out their technology until scaling revenue introduces new financial reporting challenges that cannot be addressed with their current platform If you are a founder/CEO entering a mature category or a Finance leader who is struggling with Financial Reporting in a Recurring Revenue business - this conversation is full of unique insights and ideas. Listen now at https://lnkd.in/eZYKTTRW #MetricsThatMeasureUp #B2BSaaS #SaaSBenchmarks

Nicolas Kopp, the Founder and CEO of Rillet recently joined our host Ray Rike on the Metrics that Measure Up Podcast Nicolas has a vision to help recurring revenue companies leverage a Financial Management Platform purpose-built for their business model During the conversation, Nic and Ray cover the following topics: ✔ Unique Accounting Challenges in a Recurring Revenue Model ✔ The Importance of Revenue Recognition in a Recurring Revenue Business ✔ Financial Performance Reporting beyond the Income Statement ✔ Entering a Mature Market Category with a New Company + New Product One of the first challenges a recurring revenue business will face is translating an annual subscription and the associated "bookings" into GAAP revenue. Nic shared that the the #1 issue he sees early SaaS company's CEO face is the ability to answer the quests "What is my MRR/ARR and do I trust it?" The questions evolve including "What is my deferred revenue?" and "Do I trust my accounts receivables report?" Traditional accounting platforms, such as QuickBooks do not include the concept of "recurring revenue" and the associated reporting requirements The Accounting Platform space is quite mature, and most companies are not proactively looking to swap out their technology until scaling revenue introduces new financial reporting challenges that cannot be addressed with their current platform If you are a founder/CEO entering a mature category or a Finance leader who is struggling with Financial Reporting in a Recurring Revenue business - this conversation is full of unique insights and ideas. Listen now at https://lnkd.in/eZYKTTRW #MetricsThatMeasureUp #B2BSaaS #SaaSBenchmarks

As a SaaS founder, one of the most important things you can do from day one is code expenses to the department level. 💼💡 Why? Because having well-organized financials gives you the clarity you need to track where you're investing and where you might be overspending. 📊 Are your R&D expenses in line? How much are you investing in sales and marketing? 💻📈 Are you burning too much cash in G&A? 💸 Setting up a solid SaaS chart of accounts early on will save you time ⏳, reduce errors 🚫, and give you the insight you need as your company scales. 📈 Even if it seems like overkill in the beginning, it’ll pay off when it comes time to scrutinize financials or present to your board. 🎯 Don’t wait until it’s too late – start coding your expenses by department now and build a solid financial foundation for the future. 💡 Watch the full video here: https://lnkd.in/gURb-zB5 🎥 #SaaS 🚀 #Founders #ExpenseManagement #FinancialClarity #SaaSFinance #AccountingTips #SaaSFounders #GrossProfit #OPEX #Bookkeeping 📚 #SaaSGrowth #FinancialPlanning 📊 #COGS #BusinessFinance #SaaSAccounting 💼 #CashFlowManagement #DepartmentLevelCoding #SaaSOperations #Budgeting #SaaSMetrics 📈 #QuickBooks

Top Finance Cheat Sheet

As a SaaS founder, one of the most important things you can do from day one is code expenses to the department level. 💼💡 Why? Because having well-organized financials gives you the clarity you need to track where you're investing and where you might be overspending. 📊 Are your R&D expenses in line? How much are you investing in sales and marketing? 💻📈 Are you burning too much cash in G&A? 💸 Setting up a solid SaaS chart of accounts early on will save you time ⏳, reduce errors 🚫, and give you the insight you need as your company scales. 📈 Even if it seems like overkill in the beginning, it’ll pay off when it comes time to scrutinize financials or present to your board. 🎯 Don’t wait until it’s too late – start coding your expenses by department now and build a solid financial foundation for the future. 💡 Watch the full video here: https://lnkd.in/gURb-zB5 🎥 #SaaS 🚀 #Founders #ExpenseManagement #FinancialClarity #SaaSFinance #AccountingTips #SaaSFounders #GrossProfit #OPEX #Bookkeeping 📚 #SaaSGrowth #FinancialPlanning 📊 #COGS #BusinessFinance #SaaSAccounting 💼 #CashFlowManagement #DepartmentLevelCoding #SaaSOperations #Budgeting #SaaSMetrics 📈 #QuickBooks

In this latest episode of SaaS Metrics School, I'm diving into the critical topic of dates in subscription businesses. 📅 Understanding the difference between contract dates and invoice dates is essential for accurate invoicing and revenue recognition. Here's a quick breakdown: 🔹 Contract Dates: These define the duration of your customer agreements, crucial for renewal activities. 🔹 Invoice Dates: Must fall within contract dates and are key for proper revenue recognition. Accurate tracking of these dates ensures your revenue recognition engine functions correctly, and your financial reporting is spot on. Don't let buried data in tools like QuickBooks throw off your accounting – ensure all start and end dates are clearly documented. Watch the full video for more insights and practical tips on managing contract and invoice dates effectively! 👉 https://lnkd.in/gCPh2fzY #SaaSMetrics #SubscriptionBusiness #ContractDates #InvoiceDates #RevenueRecognition #DeferredRevenue #FinancialReporting #SaaSCFO #BenMurray #AccountingTips #QuickBooks #SubscriptionManagement #AnnualContracts #MultiYearContracts #Invoicing #FinancialAccuracy #RevenueManagement #SaaSRevenue #SubscriptionInvoicing #FinancialData #BusinessFinance #RenewalMetrics

The 🚀 Net Income Cheat Sheet Credits to Aleksandar Stojanović, MSc., follow him for more practical finance content. Here's the original post ---- The 🚀 Net Income Cheat Sheet Because everyone likes to see what they earn. → 6+ Net Income calculation tools to use → 10 steps to improving your Net Income → 3+ strategies to avoid common Net Income calculation errors → 8+ methods for maximizing your Net Income → 13+ case studies of effective Net Income management → 15+ exercises to boost your understanding of Net Income → 7+ expert tips on optimizing your Net Income 📌 Grab your FREE ULTIMATE FP&A and BI GUIDE for SaaS here 👇 https://lnkd.in/dpTuBJpj ---- Follow our page Accounting ABCs to learn more about the fundamentals of Accounting

I've long believed that uncertainty is value's greatest enemy. As a software marketer, I always believed that finding ties between products and customers' uncertainties was critical. As a CEO, little has changed except for the stakes. To all of the growth-stage SaaS executives out there: Don't let messy financials get in the way of telling one of the most important stories your business will ever tell. The story told in your financials - the one that accompanies your pivotal transactions - must reduce (not create) uncertainty in the minds of investors or acquirers. Otherwise, valuations (and more!) are at risk. Want to learn more? Talk to the KPI Sense team today!

Does your company size dictate your tech stack? Answers below 👇

📊 Key Performance Indicators for Financial Success! 📊 At UHF & Co Chartered Accountants, we understand the importance of tracking the right KPIs to drive business growth and success. Dive into our comprehensive guide to Accounting, Cash Flow, SaaS, Inventory, and Investor KPIs to elevate your financial insights and decision-making. 🌟 🔍 Explore these essential metrics to optimize your operations and achieve your business goals. Let's make informed financial decisions together! #Finance #KPIs #Accounting #BusinessGrowth #CharteredAccountants #FinancialSuccess #UHFandCo