BuildOps’ Post

Is your accounting software making you more productive, or just more busy? In the digital age, startups have a plethora of tools at their disposal. But not all tools are created equal—especially when it comes to accounting software. A sleek interface and a long list of features don't always mean it's the right fit for *your* business. Here’s what you should consider: - Does it integrate smoothly with your other systems? - Is it scalable as your business grows? - Does it provide insightful financial reports, not just raw data? Choosing the right tool can mean the difference between clarity and clutter in your financials. The goal is to make informed decisions faster, not to get lost in a labyrinth of unnecessary functions. #AccountingTools #StartupGrowth #FinancialClarity

My monthly accounting was yesterday, and getting invoices is a pain. If you're a SaaS startup, why not send a PDF invoice by mail? I can then easily safe it to my monthly folder. And if you don't send an email, why put "Billing" 5 clicks away from Login? And if you have a PDF, why name it invoice.pdf? What product managers do you have? Some time ago, I've asked >10 companies to make their invoice PDF filename <company>-invoice-<invoice-number>-<invoice-date>.pdf - From more then 10 asked, only #SimpleAnalytics answered and changed their code in less than an hour.

From #Startup to #Star: Austral Accountants has become one of Australia’s top accounting firms and won multiple awards by partnering with QuickBooks Online. Learn more about how Austral Accountants have made an impact by automating backend tasks and providing easy scalability. #QuickbooksAustralia

June was an exciting month for SlipStream 🙌 The BETA is almost full after just a few short weeks (2 spots left), and the results have been fantastic. A few of the most notable updates -- • Companies saving 5-15 minutes per closed deal • Over half a dozen new use cases added • Improved onboarding process • v1 of the full release underway If you're using HubSpot and QuickBooks, go checkout Slipstream to see if it can help you too! #hubspot #quickbooks #invoicing #integration

SmartSpend Meetup: Streamlining Software Costs for Small Service Businesses Join us for an insightful meetup tailored for founders of IT Accounting BPO KPO and other service-based businesses with fewer than 100 employees. Are you tired of skyrocketing software and SaaS expenses eating into your bottom line? This is your chance to collaborate with like-minded entrepreneurs and discover practical strategies to slash your technology spending without sacrificing efficiency. https://lnkd.in/dTMH2X7M

Not everyone on your team needs to be in-house. Despite common knowledge, few founders tap into outsourcing's full potential. What should you focus on? Swipe for three tips. Follow me on LinkedIn for key Tech/Startup insights, guidance and best practices in software development. Explore SaaS and more at https://lnkd.in/dmXxRytd for your business growth - #Outsourcing #TechTeams #TechMentor

Master the art of OPEX reduction with Pillir's Low-Code/No-Code platform! Navigate the complex world of IT expenses, streamline costs, and unlock financial success. Learn more about the masterpiece: https://bit.ly/41KblbX #OPEX #TechTransformation #lowcode #nocode

SaaS News 💥 : Layer, offering embedded accounting software for SMB platforms, has secured $2.3 million in a pre-seed funding round led by Better Tomorrow Ventures. The company will use this investment to expand its services and grow its team. Big congrats to hard-working team Layer Financial, Justin Meretab and Daniel O'Neel !! 🔥 👉 Check more below the comment! 🌐 Follow spotSaaS for the latest buzz in #saasproduct and #saasgrowth 😎 💜 #fundingnews #softwaredevelopment #saas #accounting

Don't try to trick investors / acquirers! It will backfire. 🧨 With this post, I am addressing two groups of SaaS founders: 1️⃣ The ones who deliberately try to deceive investors with accounting shenanigans 2️⃣ The ones who are deceived themselves because they don't get the basics of SaaS accounting/finance Since I started working at saas.group, I've seen many things like: ➡️ S&M spend = $0, freelancers / external agency booked elsewhere ➡️ Professional services counted as ARR (because "re-occuring") ➡️ Not including DevOps, CS and transaction costs in CoGS ➡️ Creative adjustments of EBITDA (see image below) ➡️ Capitalization of R&D expenses ➡️ Bookings reported as ARR All things that serve to make the business look better than it actually is. Some things can be discussed, others not. To avoid surprises and possible disputes with investors, I would recommend that founders stick to best practices. I realize this post is primarily for awareness rather than education, but you can find great resources online on SaaS finance/accounting topics. Examples: - Ben Murray (aka The SaaS CFO) - OnlyCFO and his newsletter - My saas.wtf newsletter - Todd Gardner - ... #saas #startups #finance #accounting #kpi #metrics

Where to put your money in 2024? SaaS vs Service Based Business Here's a simple look at SaaS vs. service-based businesses. SaaS: Grow Fast Can get big quickly, serving more customers easily. Always improving, staying ahead. Makes money regularly with subscriptions. Service-Based: Personal Touch Gives special services, making customers happy and loyal. Helps local areas grow, good for the community. Can quickly change to meet what customers want. So, Where to Put Your Money? Think about what feels right for you and your future plans. Like fast growth and tech? SaaS might be for you. Prefer steady and impactful? Look at Service based businesses. 2024's Smart Move: Mix It Up Spread your bets to lower risks. Do your homework before investing. Stay alert to new trends to keep ahead. . . . . .