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Ask HN: Any Accounting Software specific to SaaS industry?

7 pointsby ashkmrover 3 years ago
I have come across multiple accounting softwares for Freelancers, Self employed, manufacturers and so on. Can any one suggest a good accounting software exclusively for SAAS?

4 comments

codegeekover 3 years ago
What is the problem you are trying to solve ? Accounting usually has concepts like PnL, Balance Sheet etc. How/Why is it different for SAAS companies unless you are talking about things like "Auto categorize AWS" as a "Hosting Expense" etc.
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danthedan2over 3 years ago
It shouldn’t matter too much.<p>Xero or Quickbooks Online should work fine. If you ever outgrow them you can always migrate your data to another system.<p>The main difference specific to SAAS is accounting for deferred revenue. You can always hook up something like Chargebee to Xero to get better reporting in that regard.
brudgersover 3 years ago
What your accountant experienced with SAAS businesses recommends. If your business cannot afford to pay an accountant, there&#x27;s a substantial probability it is only feasible and not actually viable.<p>Unless you are an accountant, your time spent on accounting rather than growing the business is low ROI. The same is true of freelancers, etc. If rates don&#x27;t cover basic business expenses, the long term prospects are not favorable.<p>An accountant is an off the shelf solution.<p>Good luck.
jwitchelover 3 years ago
Chargebee
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