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The Top Seven Benefits of Outsourced Accounting for Technology Firms
A critical question asked by founders and executives of tech firms – especially those companies in the early stages of growth – is whether they should hire one or more accountants, or whether it would be wiser to outsource the accounting function to third...
SaaS Firms and Sales Tax: The Supreme Court Has Mandated the Collection of State Sales Tax for Many Online Companies
The year 2018 saw quite a few compelling news and business stories, but one court case in particular could be the most significant in many years for companies that do business online.In June of 2018 the U.S. Supreme Court ruled in South Dakota v. Wayfair, Inc. that...
Entrepreneurial Accounting: The Five Essential Accounting Metrics for SaaS Companies
In our previous post, we looked at nine fundamental financial metrics for technology startups. These metrics are critical to helping us evaluate the health and performance of any tech firm. Building upon that, in this post we will look at some of the important metrics...
Entrepreneurial Accounting: Nine Important Accounting Metrics for Tech Startups
You’re an entrepreneur – and hopefully, a successful one. But how is your Accounting IQ?Over the last 15 years at Laurentian, we’ve worked with many technology firms, from bootstrapping, entrepreneurial startups to successful, midsize companies. Our experience working...
Will The Sage Acquisition of Intacct be Good for Emerging Tech Firms?
The UK-based Sage Group recently announced their acquisition of accounting software company Intacct, paying a substantial $850 million. This represents a remarkable multiple of about nine times revenue, which makes for a great exit for Intacct investors, management...