Software and technology
Building and selling software, usually on subscription, with revenue recognition and deferred revenue to handle.
Six short steps. No email or account.
Family
Creative, media, events and technology
Project or audience-based income, delivered mostly as digital work.
- Priority decisions
- 8
Foundation — what that means here
Operating reality
What makes this different
The realities that change which tools can actually work for you.
Subscription revenue must be recognised over the term, not when it is billed, which entry-level accounting does badly.
Most of the team is salaried and remote, so device and access management matters more than scheduling.
Cyber and technology errors-and-omissions cover are the relevant exposures.
Where to start
The decisions that matter here, in order
You do not have to take them in this order, and you do not have to take all of them. This is where most businesses like yours start.
- 1Accounting software
Track income and expenses so tax time is a report, not an archaeology dig.
- 2Business banking
A business account, so personal and business money stop mixing.
- 3Payroll
Pay employees and handle the tax filings that come with it.
- 4Passwords and security
Stop sharing logins over text, and protect the accounts that hold money.
- 5HR and benefits
Employee records, handbooks, benefits and staying compliant as you grow.
- 6Expenses and receipts
Capture receipts as they happen instead of emptying a glovebox in April.
- 7Business insurance
Cover the things that could end the business in one bad afternoon.
- 8Paying contractors
Pay 1099 help and collect the paperwork you need for January.
Your next step
Answer six short questions about your software and technology business: your team, where the work happens and what you want to fix first. You get an operating plan in the order to tackle it, with the must-haves and comparison points for each area.
Answers
Common questions
- What software does a software and technology business need?
- Building and selling software, usually on subscription, with revenue recognition and deferred revenue to handle. The decisions that matter most are 8 areas, starting with the ones tied to how the work actually gets done and paid for.
- What makes running a software and technology business different?
- Subscription revenue must be recognised over the term, not when it is billed, which entry-level accounting does badly. Most of the team is salaried and remote, so device and access management matters more than scheduling. Cyber and technology errors-and-omissions cover are the relevant exposures.