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When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

As your business grows, you may no longer have time or expertise to effectively manage your finances. Make a Decision About Which Accounting Method to Use to Track Your Finances. To start, you need to determine which accounting system works best for your needs – cash versus accrual. Review Your Accounting Tools.

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Cracking The Code: The Bessemer 10 laws of SaaS - Fall 2008.

Cracking the Code

To be fair, visibility into the current cash position and the change in the cash position has always been important for software executives, but is even more critical for SaaS businesses because the working capital requirements are higher and the payment terms are often stretched out over the term of the contract.