Glossary definition

What is SaaS accounting?

SaaS accounting is a model for accounting software whereby the application is hosted by a service provider. Instead of installing and maintaining software locally, SaaS software is securely accessed through a PC or mobile device. Also known as “cloud accounting software“.

SaaS Accounting, while at its basic definition, has unique industry requirements. For example, non-profits require grant tracking and companies operating on a subscription billing model require ASC 606 compliance. Examples of industries that may benefit from SaaS accounting include:

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