James B.
Shorten your learning curve to correct SaaS Accounting
My company is 7.5 years old and we have successfully made the 'pivot' from a consulting company to a SaaS+ company while building our Healthcare Data Interoperability Platform. I've done a fair amount of finance and accounting over my career, but what I realized after making this pivot was that I just didn't have the information that other SaaS companies had, and it was driving me nuts. Not only did I not have a straight-forward way of calculating the metrics I needed, I was unable to benchmark my company against others in our field. I started researching and ran across Ben's website and the plethora of information he provides. That lead me to look into his SaaSCFO course, and after doing a pretty detailed investigation, I elected to take the course, and I enrolled my Director of Finance as well. We attended the January 23 cohort for six weeks. Honestly, I was blown away. From the very beginning, it became clear why I was struggling. Like many, I was using a standard QB Chart of Accounts to produce a standard P&L & Balance Sheet, and that just flat does not work. Ben's advise was clear, it made sense, it was very applicable the problems we were facing. The only thing I don't like about taking the course is that we had a fair amount of restatement to do on our chart of accounts to get them where they need to be. I can tell you that, as a result of Ben's course, we now have a very SaaS compliant accounting system, and I'm already creating the historical metrics and future projections that I've needed for a very long time. If your interested in getting your SaaS company's books right, and need those metrics anywhere near as much as I did, do yourself a big favor and take Ben's SaaSCFO course. You'll be glad you did. Maybe even as glad as I am.