Category: Accounting

3 Tips for Calculating SaaS Metrics

When it comes to measuring the financial performance of your SaaS startup you need to learn how to calculate SaaS Metrics. SaaS Metrics generally do a more effective job at measuring your business performance than traditional financial statements given the unique nature of the business model itself.  Why is this? SaaS businesses face significant losses in the […]
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3 Tips to Measure Your Financial Performance Against Your Plan

You can’t manage what you don’t measure, right? When it comes to improving your financial performance the best advice I can give business owners is to numerate your strategic plan and then measure how you are doing against it.  What does that look like? Generally speaking it is laying out a monthly view to your revenues, expenses, […]
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3 Tips for Evaluating Accounting Firm Options

In the third instalment of our Q&A series with our Co-Founder Susan Richards, FCPA, FCMA, we asked her about what companies should look for when deciding on what accounting firm to use. What are 3 tips you would give to a company evaluating accounting firm options?  Having strong professional advisors is key factor to building […]
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3 Tips for Financial Forecasting During Uncertainty

In our latest weekly blog series we’re interviewing our Co-Founder Susan Richards, FCPA, FCMA to provide our readers with financial tips and tricks to help businesses and startups succeed. What are 3 tips for financial forecasting during uncertainty?  A financial model is only as good as the assumptions that are built into it. Here are […]
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Cloud Accounting For Small Businesses Webinar Now Available

Our Managing Partner, Susan Richards, FCMA, FCPA was a special featured guest on RZ Consulting‘s recent webinar (April 14, 2020) on Cloud Accounting for Small Businesses with Tarek Belghith. The webinar was presented by the Kanata-Carleton Small Business Network and Kanata Central. In this webinar they discussed how to leverage cloud technology and app integrations […]
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5 benefits of a Virtual CFO for Startups

Opportunities abound in this ever-changing world for start ups to scale to sustainable success. As rapidly as COVID-19 has swept the globe, so grows the demand on technology tools to enhance our experiences like never before. But not every idea will become a financially sustainable success so some expertise early on can stack your odds. […]
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SaaS Quick Ratio Unpacked

SaaS entrepreneurs are at an increased risk of being overly distracted by vanity metrics. Early stage investors want to see top line “hockey stick charts” and a host of metrics that may really only be loosely correlated to sound financial performance. As a result, early stage SaaS entrepreneurs are often forced into distraction in order […]
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Is your SaaS company taxed out south of the border?

Have you launched a SaaS business and are wondering if you are properly accounting for sales tax and income tax? As a Virtual CFO in Ottawa, Canada I am encountering more and more SaaS businesses that are winging it when it comes to doing business outside of Ontario. For those that think these areas are […]
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