Newsletter | October 20, 2017

10.20.17 -- Software's New Revenue Recognition Standards

 

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Featured Magazine Content
10 Steps To Take ASAP For The New Revenue Recognition Standards
 
By Steve Sehy CPS, MBA Fractional CFO

Hopefully you've heard you will need to address the new standards (also called ASC606 or ASU2014-09) when preparing your GAAP financials. As a nonpublic company, you will need to follow the new GAAP standards starting January 1, 2019. This list of steps to take by December 31, 2017 should help you put together a plan for how to do this.

Why Do Software Companies Struggle With Hiring?
 
By Abby Sorensen, Software Executive

When I typed "software engineer" into the Indeed.com search bar in late August, the results showed 202,540 open positions. Amazon was responsible for 5,164 of these listings, and Microsoft was a distant second at 1,782. Let that sink in for a moment – those two companies alone are hiring nearly 7,000 developers.

Web-Exclusive Content
Advice From A Veteran SaaS Investor
 
By Abby Sorensen, Software Executive

I recently talked to an investor who has spent more than 20 years investing in and working with early-stage SaaS companies. This VC has made more than 50 investments in software companies, has more than $250 million under management, and has a cumulative market cap well into the double-digit billions. Here are a few takeaways from our call that can help any software company looking to raise money and scale.

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