Category Archives: Bookkeeping

Accrued Revenue Meaning, Vs Deferred Revenue

Although unearned income offers a cash buffer to a business, there is always an element of uncertainty. Customers can cancel their orders or can be unhappy with the final outcome of the project which may result in the loss of total income. Accrued income is an important concept for businesses working on long-term projects. Accrued…

Average SaaS Growth Rate in 2024: Brief Guide for Startups

While the average age for startup owners is nearing middle-aged, only around 5% of startup owners are more than 60 years old. The average time it takes for startups to begin making a profit is around 2 to 3 years. Many are still wildly successful as private companies, but a very small percentage make it…