Blog

5 Tips for Setting Up a Chart Of Accounts Correctly (with a free Chart of Account Example!)   Meaningful data supports good decisions. To provide the financial information your organization needs to analyze performance and make informed decisions, you must first capture and categorize your company’s financial transactions. The foundation for doing so is yourRead more

Creating the Financial Map to Achieve Strategic Goals The Financial Planning Process   By: Edgar Rodriguez Executive Consultant PlusPoint Consulting Our last post focused on the first step in your planning process – establishing your organization’s strategic goals and objectives. Once you’ve done so, the next step is to measure where you are in relationRead more

4 Tips to Get Your Financial Planning Underway It’s Time to Build the 2023 Plan… Where to Start?   By: Edgar Rodriguez Executive Consultant PlusPoint Consulting In our last post, we shared our thoughts on the importance of developing a well-thought-out financial operating plan and the need to start that process now. For many, theRead more

How to Avoid Accounting Rescue Work By: Kari Minton CEO PlusPoint Consulting We do a lot of what I call accounting rescue work at PlusPoint. It’s generally not what our clients initially come to us for; they often don’t know they need it. Clients often call us when they have a need or pain theyRead more

Don’t Fly Blind A well-thought-out financial operating plan is critical for successfully navigating through economic headwinds   By: Edgar Rodriguez Executive Consultant PlusPoint Consulting There is a time and a place for everything, and as we head towards Q4, we are entering the budget season. Now is the time to get to work on yourRead more

The Optimal Use of Debt in a SaaS Business A Guest Post by: Todd Gardner SaaS Advisor Ltd. Todd is an innovative advisor to SaaS companies on growth strategies. Until a few years ago when the SaaS lending space really took off, there were very few options for a SaaS company to fund its growthRead more

How Much Debt is Too Much Debt for a SaaS Company? A Guest Post by: Todd Gardner, SaaS Advisor Ltd. Todd is an innovative advisor to SaaS companies on growth strategies Debt is a great way to fund a SaaS company — it allows shareholders to maintain their ownership position yet still fund their growthRead more

Churn – Measurable, Understandable, and Yes, Manageable Let’s dive a little deeper into understanding your Revenue Retention metric’s behavior. I called Net Retention the most important metric for ensuring medium and long-term SaaS business health in my last post.  Putting this powerful metric to use requires understanding the opportunities and challenges present in each ofRead more

Net Retention: The Most Important Metric For Ensuring Medium and Long-Term SaaS Business Health In my last post, I talked about understanding the ‘behavior’ or characteristics of your SaaS company’s revenue and the importance of analyzing each element. Understanding and analyzing your revenue elements focuses on those elements that present the most opportunity and challengesRead more

Metrics in a SaaS Environment by Mike Temple SaaS Is a Unique Animal Software-as-a-Service (“SaaS”) businesses are incredibly simple in most of their elements. There’s no inventory, no supply chain, no bills of materials, no labor and overhead allocation, and comparatively low capital budgets. However, SaaS businesses are unique and complex in two critical areas:Read more