What is a sample chart of accounts for SaaS companies?
Vanessa Kruze
Founder, CPA
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.) 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!
| Startup Funding Level | Kruze 409A Cost | What Others Charge |
|---|---|---|
| Seed | $1,500 | $4,000 |
| Series A | $2,000 | $5,000 |
| Series B | $2,500 | $5,000+ |
| Series C | $3,000 | $5000+ |
Recent questions
- What steps should I follow to file taxes for my one-year-old startup that has zero revenue? [C-corp]
- Can bootstrapping tech entrepreneurs claim the R&D tax credit?
- How should one fill out Form 1120 for a company with no activity and no income and that has not issued shares?
- Do I need to file a Form 1120 if the business had no income?
- How do you offset the interest on a note?
Top viewed questions
- What happens if the IRS audits me and I do not have the receipt for an expense (assuming it was a legitimate expense)?
- What does a US based company need to do to comply with IRS regulations in paying foreign contractors?
- How can I become a good accountant?
- How should convertible note financing be handled on the balance sheet?
- For startups incorporating in Delaware, what firms are good registered agents to use?