Looking at the Chart of Accounts can be a bit dense so I’ve decided to present a sample P&L instead. (The goal of the Chart of Accounts is to get the accounts to track to the appropriate location on the financial statements.)
You can think of “Subscription Revenue” as MRR. Your other KPIs will be specific to your business, so that will require a CPA’s help if you’re looking to track that directly in your Financial Statements.
Take a look at the screenshot below and structure your Chart of Accounts accordingly:
Caveat: your business is unique, so you may need to do some tailoring!
Want valuable startup information delivered straight to your inbox?
Your email has been added to the list.