Bookkeeping for a manufacturing company is worlds apart from bookkeeping for software houses. Here’s why software companies need specialized handling: Subscription Models (SaaS) – Many software houses operate on a subscription model, which requires careful tracking of recurring revenues, churn rates, and deferred income recognition. R&D and Development Costs – Research and development expenditures often qualify for tax credits, but only if properly documented. International Sales – Selling software globally brings currency conversion, VAT/GST compliance, and multiple tax jurisdiction challenges. Non-Tangible Assets – Unlike physical goods, software assets are intangible, which changes how they are valued and depreciated.