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AcctTwo Blog

How is GAAP Accounting Like Baseball Statistics?

The relationship between baseball and accounting is not immediately obvious until you consider how detail-oriented both are. Baseball relies on a byzantine set of statistics; Accounting focuses on a dizzying array of figures. Success or failure is evident through metrics alone.

Topics: Financial Analysis, Ratios and KPIs Operational Reporting GAAP Metrics Baseball Stats

Beyond GAAP: Making the Most of Your Strategic Advantage

GAAP still has a role to play in financial reporting, but it's no longer the most important set of metrics for today's businesses. For today's forward-thinking CFOs, the real work involves looking beyond finance to facilitate every strategic advantage possible.

A strict focus on GAAP is necessary for regulatory compliance, but in the larger scheme of things it's just one responsibility for finance departments to manage. And, increasingly, it's become a responsibility that requires minimal input and oversight. Many financial applications have made GAAP adherence almost automatic. That means companies need to look beyond basic accounting functions to give themselves a competitive edge.

Topics: Financial Reporting Financial Analysis, Ratios and KPIs Operational Reporting GAAP Metrics

Managing SaaS Metrics throughout the Company Growth Lifecycle

Fast growth requires fast decisions made with the right information. All companies struggle to do this. But SaaS companies face more challenges. You construct your metrics reports with data you’ve pulled from disparate applications, and then aggregate that data and perform calculations within spreadsheets—typically a time-consuming, error-prone process.

What if you could easily capture and instantly access the detailed metrics you need, right when you need them? What if these metrics shed light on the pitfalls and opportunities ahead, as well as the root causes of performance trends?

Topics: SaaS eBook Cloud Computing / SaaS Financial Analysis, Ratios and KPIs Metrics