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Welcome to Unicorn Accountants, specialists in SaaS business accounting
Welcome to Unicorn Accountants, specialists in SaaS business accounting
Unicorn Accounting's specialist services for SaaS companies allow you to focus on what you do best - developing amazing software and sourcing new clients - while we take care of your bookkeeping, payroll and taxes.
SaaS businesses need all the usual accounting services such as tax services, financial and accrual accounting, management accounting, financial reports and cash flow management. As specialist SaaS business accountants, we can offer even more. We're here to make sure you maximise your profit and have a clear view of your numbers so you'll never miss a growth opportunity.
Our understanding of the complexities of the SaaS industry means you'll get business advice to support your company through the different stages of growth.
Contact us today to find out more and book a consultation.
How can an accountant help my SaaS business?
How can an accountant help my SaaS business?
Using an accountant with experience managing a SaaS business structure will help you manage financial transactions with ease, avoid cash flow issues, optimise tax credits, and gain insights into how to grow your company strategically.
Accounting for SaaS startups
If you're at the beginning of your SaaS journey, it's important to get strategic guidance to save valuable time and move your business forward as quickly as possible. As a business owner with expertise in technology, your time is best spent on product and business development rather than the minutiae of online accounting. Let us take the strain so you can carry on innovating.
Accounting for large SaaS businesses
Established SaaS business owners understand the inherent value in management accounts and key metrics for providing insight and operational direction to help achieve business goals.
We can work flexibly with your in-house finance team to provide real-time data for informed decision-making, or we can be your fully outsourced finance team, whatever works for you.
We offer a comprehensive range of SaaS accounting services, from simple transaction processing and payroll to complex revenue recognition practices and R&D tax credit submissions, to ensure your business meets its financial targets.
Bookkeeping
The backbone of every business is good decision-making, and to make good decisions, you need accurate, timely information. Our bookkeeping service gives you up-to-date reporting on your profit and loss, balance sheet, sales, and expenses. We'll show you where things are under control and highlight areas of your finances that need more attention.
We're well versed in Xero and receipt capture tools, so dealing with your accounts becomes routine rather than a major time suck every month. Work with us and spend your efforts on improving client service rather than entering receipts and sending invoices.
Financial accounting and reporting
All businesses need financial accounting and financial statements production, so naturally, these are included in our standard offerings, but a SaaS business can benefit from more in-depth services, as follows:
Accurate revenue recognition, which involves:
- Automating complex billing workflows
- Implementing smart revenue recognition systems
- Managing deferred revenue and recognising revenue over the subscription period
Tracking subscription model key metrics, such as:
- Monthly Recurring Revenue (MRR)
- Annual Recurring Revenue (ARR)
- Customer Acquisition Cost (CAC)
- Customer Lifetime Value (CLV)
- Churn rate
- Retention rate
Payroll
Not all chartered accountants offer payroll services, but here at Unicorn Accountants, we're a one-stop shop for all your business finance needs. We'll take care of running your monthly payroll, reporting PAYE to HMRC, and dealing with payroll queries.
Corporation tax
To reach your financial goals and stay compliant, you have to keep on top of your company tax returns. Our Corporation Tax accounting service ensures you optimise your tax deductibles, credits and tax reliefs so you pay the correct amount of tax on time. No fines allowed here!
Research and development tax credits
Small businesses, particularly start-up businesses, may be unaware of the different tax credits they are eligible for. SaaS technology businesses can often apply for R&D tax credits on software development projects to help with the high cost of innovating and developing new software as a service product. If you've never looked into R&D, why not talk to us today to see if your activities are eligible?
VAT returns
Naturally, we'll handle your VAT return, providing HMRC with all your monthly or quarterly financial information and ensuring you're never late with your submission or payment. If you're due a VAT refund, we'll make sure you get the right amount back, too.
Sales tax complexity
SaaS companies sometimes deal with complex and varying sales tax obligations across different countries. We can help to:
- Keep track of changing tax rates and rules across multiple countries.
- Determine the correct tax treatment for each transaction based on the customer's location and nature of the service.
- Manage tax registrations and filings in multiple countries.
Fundraising and valuation support
SaaS and eCommerce businesses can sometimes be difficult to value, so if you are looking to sell your business or raise capital for your next period of growth, we'll ensure your financial reporting is up to date so your business can find the investors or buyers it needs.
Cloud accounting services
When you live and breathe software as you do, it's only fitting that your business finances should also be managed using fully online accounting services. We specialise in Xero software for your bookkeeping and accounting services, providing access to your data 24/7 wherever you are in the world.
What our customers have to say
Improve your SaaS business decisions with Unicorn Accountants today
Our experienced team can work closely with your SaaS business to help you achieve your growth targets. With professional support, we'll help you boost your profits, manage costs and make better business decisions.
Call us on 0208 064 0454 or complete our contact form for a no-obligation chat about how we can support your growth story today.
Ready to talk?
Join the many SaSS businesses who trust Unicorn Accountants to make their finances and life easier. Contact us for a free consultation to discuss your accounting needs and how we can help you achieve your goals. There's no pressure: just a chance to chat and see if we're a good fit.