Accounting (Tech/SaaS)

For early-stage technology companies, off-the-shelf accounting software like QuickBooks can create a false sense of confidence. Import your transactions, categorize them, and you’re done. However, this approach rarely results in accurate and robust financial reporting. It is akin to 'flying blind.' How can a business be managed effectively without precisely understanding its current financial performance and condition?

At Blue Eddy, we deeply understand double-entry accounting and GAAP rules. Our in-house CPAs routinely build dynamic three-statement financial models from scratch (e.g., P&L, balance sheet, and cash flow statement). They know how to correctly record journal entries and accruals and understand how these entries affect each of the three financial statements, leveraging this knowledge to verify the accuracy of their work product.

For companies just getting set up, we offer a chart of account formats specifically designed for tech companies that clients can select from, or we can create an entirely new account structure upon request. We also have well-established revenue recognition and balance sheet reconciliation processes explicitly designed for early-stage technology (SaaS) companies. These processes leverage the same accounting and reporting best practices used by the world's leading venture capital firms.