numbercrunch.ca

Outsourced Virtual Finance teams and players for growing businesses.
(CFO, Controller, Bookkeeping, Collections, and Recruiting ).

[Canada Revenue Agency @CanRevAgency]

If you haven’t been able to make a payment due to #COVID19 or missed any other tax obligation, you can request to have your interests or penalty waved by filling out this form: https://t.co/fQPxc7EdYM (2/5)

[L-SPARK @LSPARKGlobal]

Only 10 minutes left in today’s #SaaSChats on #accounting + #finance w/ Trevor Kennedy (@LoganKatz_LLP), @sab_fitzgerald (@PwC), Susan Richards (@WeNumbercrunch), Marc Normand (@MNP_LLP) + @awille (@klipfolio) – post your questions for the panelists now!

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A9-2 : Some podcasts to check out: The SaaS Podcast, Between 2 term sheets, and The Twenty Minute VC #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A9: Here’s a blog we wrote on SaaS metrics! https://t.co/6JITUmxjRH #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A8 AI will get better at predicting performance which will be amazing for cash flow forecasting, but we aren’t there yet. Over time technical expertise will grow in importance over accounting expertise. #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A7-2: Hire an experienced SaaS focused fractional controller who understands how create SaaS G/L, properly track MRR and utilize all accounting software functionality #SaaSChats #WeDoThisAtNumbercrunch

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A7: Know your numbers. Here’s a feature that explains LTV to CAC https://t.co/PAkmvy1JOG #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A6 - 2 Some of our fav apps that integrate with @QuickBooksCA are @Hubdoc @expensify @ReceiptBank @zapier #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A6: Cloud based accounting software is better than ever at efficiently capturing transactions. @QuickBooksCA is our fav for SaaS startups. There are lots of great efficiency apps that integrate. #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A5-2: Need some help? Engage a virtual CFO to create a 24 month forecast to get you started #SaaSChats .

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A5: I can’t stress the importance enough. Modelling all assumptions around customer acquisition keeps the financial model honest and allows you to refresh expectations as you progress. #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A4 -2 on SRED, it can really vary from one CRA auditor to the next ... so keep an open mind to the benefits of this great refund #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A4: SRED is a great Canadian benefit - but engineers sometimes struggle to consider their work eligible. Consulting SRED Consultants on strategic positioning can mean the difference on a verdict from CRA. #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A3-2 . Never share banking access cards. Use an online portal (all major institutions have them) intended for unique logins. #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A3: Revenue recognition is very important in SaaS. Understanding deferred revenue. Reconciling banks and credit cards every month helps avoid year end surprises. #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

@LSPARKGlobal A2 : Not yet - Fractional finance resources are more effective at supporting the unique needs of SaaS startups. Fractional bookkeepers manage transacstions, fractional CFOs manage funding strategies and modelling and CPA firms are important partners for Audit & Tax #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

A2, Fractional finance resources are more effective at supporting the unique needs of SaaS startups. Fractional bookkeepers manage transactions, fractional CFOs manage funding strategies and modelling and CPA firms are important business partners for Audit and Tax #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

A1, 1) Acquire 20 customers before building your product B) Invoice annually in advance C) Create funding strategy #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

A1 It’s always important to establish a startup budget. Here’s how: https://t.co/wyzO5Tv2DP #SaaSChats

[numbercrunch.ca @WeNumbercrunch]

Warming up my thumbs! #SaaSChats