Accounting Services for
IT & Software Houses
Set up accounting and tax systems, analyze business metrics, and plan finances to support the growth, fundraising, and team expansion of technology companies.
- Supports SaaS / Subscription Revenue
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- Manage BOI Taxes & Accounts
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- Prepare Financial Models for Funding
Shape Startup Numbers
Ready to Scale and Raise Funds
Transform the complexity of software revenue into dashboards that empower sharp decisions for team expansion.
Is Your Software House Facing These Problems?
Multiple Revenue Models
Project fees, license sales, and maintenance are recorded messily together.
Complex Subscriptions
Traditional accounting systems don't understand monthly Deferred Revenue recognition.
Inconsistent Cash Flow
Cash is tight while waiting for project milestones or during high burn-rate periods.
High Dev Team Costs
Developer salaries are high, but team utilization isn't managed efficiently.
Unknown Profit Per Project
When a project ends, you're unsure if it was profitable or if constant bug fixes ate the margin.
Hard to Prepare for Funding
Financial statements aren't ready to pitch to investors or apply for bank loans.
Why Do IT Businesses Need Specialized Accounting?
Software businesses don't just generate revenue from one-time (Turnkey) projects; they also have Subscription, Maintenance, License, Support, and Cloud Service revenue.
A standardized accounting system helps you evaluate Customer Acquisition Cost (CAC), clearly see the profit of each product, and plan your scaling accurately.
Key Metrics (KPIs) Tech Executives Must Know
We turn accounting numbers into a Dashboard reflecting your software's potential.
Burn Rate
The rate at which the company spends its cash monthly
Runway
How long the business can survive before running out of cash
Cash Flow
Overall liquidity and net cash flow status
Software Business Cost Structure Analysis
Clear cost separation helps manage IT teams and resources with maximum efficiency.
Specialized Expertise for Tech Companies
Subscription & SaaS Accounting
- Manage Revenue Recognition for recurring subscription models.
- Handle Deferred Revenue accounts for clients on Annual Billing plans.
- Separate profit/loss tracking between one-time project revenue and recurring Maintenance Contracts.
BOI & R&D Tax Incentives
- Implement accounting systems to separate revenue/expenses for BOI Software-privileged projects.
- Consult on tax structures and deductions for Research and Development (R&D) expenses.
- Manage International Withholding Tax issues for software export companies.
Prepare for
Fundraising & Business Expansion
Many Startups experience rapid revenue growth but lack liquidity because they are burning cash on team and technology investments. Our CFO Advisory and Loan Advisory services elevate your credibility:
- Create Budgets, Forecasts, and Scenario Planning
- Build robust Financial Models for pitching to investors (VCs/Angels)
- Prepare accurate financial statements to request business credit lines from banks
Startup Financial Readiness
Transform scattered numbers into the exact data investors and financial institutions want to see.
Comprehensive Services SiamAccount Provides
Which Technology Companies Is This For?
Software House in Chiang Mai
A development agency's revenue was messily tangled between one-time project fees and annual server subscription services. The SiamAccount team stepped in, implemented a Cloud Accounting system, and created a new chart of accounts to clearly separate revenue types. This allowed the company to see the true profitability of each Service, helping executives prepare accurate budgets and successfully raise funds to expand their Developer team exactly as targeted.
Frequently Asked Questions (FAQ)
When should a Software House recognize revenue?
For Turnkey projects, revenue is recognized based on the Percentage of Completion. For SaaS or Maintenance contracts, revenue is recognized equally over the service period.
How should annual lump-sum payments from SaaS customers be recorded?
They must be recorded as 'Deferred Revenue,' which is considered a liability on the first day the money is received. It is then gradually recognized as actual revenue each month the service is provided.
How are Software Development (R&D) expenses recorded?
If they meet accounting criteria, they can be recorded as 'Intangible Assets' and gradually amortized over their expected useful life.
Can a small Software Company (Startup) apply for BOI?
Yes. The BOI currently has policies promoting software development, digital platforms, and digital content businesses, offering highly attractive conditions and corporate income tax exemption privileges.
Should Startups begin with a Cloud Accounting system?
Absolutely. They support API integration with payment gateways and CRM systems, helping reduce paperwork (Paperless) and allowing executives to view updated financial data in real-time.