Scale your accounting firm with AI tools, standardized processes, and advisory services. Digits helps firms auto-book 93% of transactions, freeing time for higher-value client work.
Hiring international employees can improve your startup's efficiency and innovation. Here are the pros, cons, and how to get started.
Accounting firm automation isn't just about having the right technology. It's about freeing up your time so you can scale your business.
Most accounting platforms weren't built for how modern accounting firms operate or what their clients expect. Learn why firms are building AI-native practices on Digits.
QuickBooks may have been the go-to for years, but it's not designed for firms that are ready to scale. Read why growth-minded firms choose Digits.
If you've been using Pilot, you may feel left out of some of the more advanced bookkeeping and accounting features available today, including real-time insights and access to seamless automation.
What is COGS, and why does it matter? Learn how to do a COGS calculation for your SaaS startup to manage finances and impress investors.
The 7 startup funding stages are pre-seed, seed, Series A, Series B, Series C, Series D+, and IPO. Each stage has different investor expectations, valuations, and use of funds.
Discover the top reasons startups fail and get actionable insights from founders who've been there. Learn how to set your startup up for success.
Discover the 6 best bookkeeping services for startups to simplify your accounting needs. Plus, learn important steps to set up your bookkeeping.
Unsure if you need an accountant for your small business? Discover when to hire one, the benefits of a small business accountant, and their services.
The sudden shutdown of Bench should serve as a wake-up call for all business owners: Even seemingly stable service providers aren't immune to disruption. While you can't predict the future, these proactive steps can help protect your business from similar events in the future.
AI accounting automates bookkeeping, reconciliation, and expense tracking. Learn how AI tools like Digits reduce manual work, improve accuracy, and free finance teams to focus on strategy.
If you're exploring alternatives to Puzzle, you're not alone. This guide will walk you through some of the best Puzzle alternatives on the market today so you can find the perfect accounting software for your growing business.
At the heart of startup success is financial management. It's not just about profits or how much you raise; it's also about how well you manage your money day-to-day.
Learn everything you need to know about 1099-NEC forms, including who needs to file, key deadlines, and tips to stay compliant with IRS regulations.
Whether you're hearing about BOI reporting for the first time or scrambling to meet the original deadline, this article will ensure you understand exactly what is happening and what you need to do next.
Effective investor updates include KPIs (burn rate, runway, revenue), wins and challenges, asks, and forward-looking plans. Send monthly or quarterly with consistent metrics.
Accounting for startups is key for gaining investor confidence. Learn how to set up an accounting system.
Fundraising is one of the biggest challenges startups face. To help you find the right way to scale your startup successfully, here are the 7 most important funding sources.
Learn what burn rate is, why it's crucial for your startup's financial health, and how to calculate it accurately.
Over hundreds of years, the general ledgers has come a long way. Here's how they've changed to meet the needs of modern companies.
Startup bookkeeping involves recording transactions, reconciling accounts, and maintaining financial records for investor readiness and tax compliance. Learn CPA-recommended best practices.
Without a clear overview of your finances, it's impossible to calculate your remaining runway or adjust your burn rate.
Startup accountants handle bookkeeping, financial forecasting, tax planning, and investor reporting. Learn how to choose between in-house, fractional, or AI-powered accounting solutions.
Digits now offers tax and budgeting & forecasting plans. Join us to make more informed decisions, maintain better financial health, and streamline tax filings. Become a customer today!
Digits AI outperforms GPT-4o on accounting tasks by training on $700B+ in transactions. Proprietary models achieve higher accuracy for categorization and reconciliation than general-purpose LLMs.
Accounts receivable (AR) is all about the outstanding money owed to your business for either goods or services received, but not yet paid for, standard practice for a lot B2B transactions and startups, especially in the SaaS space.
During the lifecycle and evolution of a startup, certain scenarios will make the founder feel the need for a Chief Financial Office (CFO) to lean on and collaborate with. Hiring a full-time CFO immediately, however, is likely not the right choice and a fractional CFO is likely the startup's best bet to bridge the gap until they are ready to commit to a full-time CFO.
The Rule of 40 states that a SaaS company's revenue growth rate plus profit margin should equal or exceed 40%. It balances growth and profitability as a measure of company health.
Tax season is a dizzying time for anyone, especially startup founders. The last thing you want to be dealing with are forms, withholdings, or deadlines — you've got your business to run! One key piece of the tax season puzzle is a Form 1120, aka the Income Tax Return. Here's a startup founders guide to understanding you Form 1120.
In simple terms, depreciation is an accounting method that allows a company to spread the cost of an expensive purchase over a period of time, rather than all at once. This not only eases the immediate financial burden but also smooths out expenses over time. This process is vital for budget planning, particularly for start-ups, as it enables more predictable financial management.
An income statement, often referred to as a Profit & Loss (P&L) statement, is a financial report that shows your business profitability over a specified period. It presents your revenue and deducts your expenses and losses, shedding light on your company's financial health.
In the business world, the term "per diem" is quite common, but its meaning and application often confuse individuals. To clear these misconceptions, let's dive into the definition, implications, and operations of a "per diem" system.
Understand the pitfalls of running a startup without the help of an accountant, as well as the benefits of partnering with one.
Bookkeeping records daily transactions; accounting analyzes financial data for strategic decisions. Learn the difference and when startups need each service.
Cash accounting records transactions when money moves; accrual records when earned or incurred. Most startups should use accrual accounting for accurate financial reporting and investor readiness.
Starting a new business venture is an exciting time, filled with creativity and ambition. However, amidst the enthusiasm, one crucial aspect that many startup founders overlook is accounting.
Hire an accountant when starting a business (for entity structure advice), during rapid growth, before fundraising, or when tax complexity increases. Signs include spending hours on books each month.
Deep dive into the problems with small business accounting in the U.S and Digits' mission to fix these fundamental flaws in the system, leveraging AI and modern technology to push for a long-overdue overhaul.
Welcome to Q2. Now, with the click of a button, you can generate beautiful, immersive quarterly reports packed with all the intelligent executive summaries and actionable insights you get from standard, monthly Digits Reports. Quarterly Reports pack all the same power: infinitely explore your data through elegantly presented numbers and popular features like Hover to Discover.
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