Accounting methods have transformed in recent years as the SaaS economy has grown.
However, the issue remains as to when a SaaS company should start thinking about a solid accounting system. When they're first starting out, or when they've grown into a little firm, or when they've grown into a large corporation?
From the very beginning, is the answer. Whatever stage of development a company is at, it must keep track of its financial inflows and outflows. As a result, accounting is critical.
We discovered that VC-backed firms prefer to acquire all of their services as SaaS firms from our work with hundreds of supported companies. That's why we price our bookkeeping services on a monthly basis, so our clients know exactly how much their basic accounting will cost each month. This helps them manage their cash flow, and it also helps our founders think about their anticipated costs with minimal mental overhead.