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Ask HN: Accounting Software for SaaS Products?
Are there any SaaS product specific accounting applications on the market? All popular accounting applications revolve around the idea of either inventory or invoice/payment style systems, neither of which apply to SaaS apps at all.
All I'm looking for is a way to track payments coming in and expenses & salary going out without the mess of invoices and all that stuff that doesn't apply to SaaS companies.
Any options you guys know of?
- mneumegen 14y agoI use www.xero.com ...it's awesome.
- dchuk 14y agoI was taking a deep look at Xero when I submitted this thread actually...it just seems to me that 90% of the features of Xero are unnecessary for a SaaS app and the remaining features you need don't really address what is unique to a SaaS. Care to share any specifics of your workflow? Are you tracking each individual payment as a transaction/sale? Are you creating customers in Xero that match up with your customers in your own app and then attaching their monthly payments to their Xero customer record?
- mootothemax 14y agoI very much disagree with your claim that invoices don't apply to SaaS apps. Without an invoice being issued, it's a pain for my company to account for handing over money to you. In fact, it's enough of a pain that I won't use any SaaS app - or company for that matter! - that doesn't issue invoices. I've also had people contact me, asking to pay on an invoice basis. I generally only do so for annual subscriptions, but doing so has brought in extra money I'd otherwise have missed out on. When you have a system that automatically generates invoices, it's not much of a pain to do so.
- codegeek 14y agoThis. It is always a good idea to invoice even if you are charging for a SAAS app on monthly basis. Sure it might sound like an overkill for very small SAAS apps or businesses, but invoicing is a good idea in terms of record keeping which will help accounting.