Accounting software for SaaS companies
SaaS accounting software has to turn subscription payouts and a long tail of software spend into books investors will accept. Adopt keeps the books and monthly close current, and your team approves every entry.
How SaaS companies handle this today.
Payouts are net. Subscription payments reach the bank after fees, refunds and disputes.
Cash is not revenue. Annual plans are paid up front and earned over the year.
Spend sprawls. Cloud, tools and contractors produce hundreds of card lines a month.
Investors set the calendar. Board and diligence requests need a closed month.
SaaS accounting, closed before the board meets
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Payouts and spend coded, with reasons
Payout deposits, fees, cloud costs, tools and contractors each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for SaaS companies
Fees on their own lines
Processor fees are recorded as their own expense, so receipts show in full.
Traced to source
Every number links back to the transaction or document behind it.
Exceptions, not everything
Your team reviews what needs a decision. The rest arrives prepared.
FAQs
It records subscription receipts and company spend, reconciles every account and closes the month on a schedule. Adopt prepares that work and your team approves it.
No. Adopt keeps bank, card and payout activity categorized and reconciled, so the numbers your recognition schedules start from are right.
Your team does. Adopt prepares categories, matches and journal entries and shows the reason for each one. Nothing posts until someone on your team approves it.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for SaaS companies
A closed month, before the board meets.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
