Bookkeeping, tax, & CFO services for startups & small businesses

We understand the unique challenges that come with growing a business and have the expertise you need to reach your goals. We work with thousands of startups and small businesses, ranging from two founders in a garage to hundred-person teams. Our accountants, fractional CFOs, and tax specialists are dedicated to building a strong finance foundation for your business. The acquiring company realizes that they are dealing with a professional team of world-class accountants focused on serving startup clients. Let them know exactly what kind of service you are expecting and how often you will need it. Being clear about your needs and setting up regular check-ins will help you avoid confusion and keep things running smoothly.

Organize Your Financial Information

Alright, now that your foundation is set, it’s time to start tracking your actual numbers. To track your expenses and income, make it a habit to record every transaction, no matter how small. Automate reminders for accounts receivable and ensure you pay your vendors on time to maintain trust.

A firm familiar with your industry’s benchmarks and best practices can offer more strategic advice. A startup should hire an outsourced accounting firm after it has raised about $500k. To be more specific, before an early-stage company has raised funding, the founder can probably use QuickBooks Online to keep the books in order (it still makes sense to get a tax CPA for tax filings!). This will help the books be ready for due diligence, but more importantly, will save the CEO time! Time to focus on building product, getting sales, hiring, fundraising – time is very percious to a startup, so outsource non-essential tasks like books as soon as it’s affordable.

We excel in assisting Austin-based entrepreneurs in navigating the complexities of VC funding, optimizing tax strategies, and managing financial growth with precision. Our local expertise in Austin’s diverse economic landscape, from the thriving tech sector to the bustling small business community, ensures that we are not just service providers but strategic partners. Our commitment to affordability and excellence makes us the ideal choice for startups in Austin looking to balance cost-efficiency with top-tier financial expertise. By choosing us, Austin’s startups gain a valuable ally in their financial journey, equipped with the knowledge and tools to thrive in one of America’s most vibrant entrepreneurial ecosystems.

Prepare Your Startup for Accounting Success

Accounting gives you the heads up on revenue timing, cash flow planning, and a snapshot of the business’ overall performance. Accounting can help you figure out how to make your business more successful and save you time so you can focus on running the business. Hiring and training an in-house accounting team gets expensive quickly. Outsourcing offers a more cost-effective solution, providing expert financial management without the overhead. As Cohesion Co. points out in their article on outsourced accounting for startups, this approach allows you to allocate resources more strategically, investing in areas that directly impact growth.

Best Accounting And Bookkeeping Services For Startups

This detailed tracking is crucial for creating financial reports, like income statements and balance sheets. These reports not only help you understand your current financial health but also become vital when seeking funding or making key business decisions. For California-based startups, finding the right support is key, and Clear Peak Accounting offers business accounting and management services to help build this strong foundation. Startups often need specialized accounting knowledge, from tax planning to financial reporting.

A strong accounting partner can help you prepare the necessary financial documents, develop realistic financial projections, and communicate effectively with potential investors. This support can be invaluable in securing funding and building trust with investors. Choosing the right firm, as highlighted by Kruze Consulting, is a crucial decision for any startup seeking to scale. Selecting an experienced Certified Public Accountant (CPA) is a critical step for startups aiming to enhance their financial well-being and propel growth. A CPA with deep insights into the startup landscape can provide essential advice, ensure adherence to compliance regulations, and assist with strategic financial planning. Identifying a CPA firm that perfectly matches your startup’s requirements necessitates thorough investigation and precise inquiries.

Late payments – whether from clients or for bills – can mess up your cash flow. Use software to send automated reminders for invoices and bill payments. This keeps your operations running smoothly without you having to chase anyone down. Even if you are handling day-to-day accounting, tax season is a whole different beast. Hiring a tax professional ensures you are not missing deductions or making costly errors. Genius uses on-the-ground sourcing and strategic partnerships to find the best accounting talent from outsourcing hubs like the Philippines and Latin America.

If you are taking money out of the business, treat it like a salary. Pay yourself consistently, and keep that separate from personal spending. File away copies of all tax-related documents, including quarterly payments and correspondence with tax authorities. Knowing when you’ll break even helps you stay focused on achieving financial sustainability. Track how much you are earning and what percentage of that is profit. If your revenue is growing, but your profit margins are shrinking, evaluate your expenses or pricing model.

• This structure ensures that you always have reliable and consistent financial guidance, no matter how complex your needs become.
• We may monetize some of our links through affiliate advertising.
• Genius is a leading hunting agency that connects startups with skilled accounting professionals from the Philippines and Latin America.
• So, while in-house sounds appealing, outsourcing might be the best way to keep your startup’s finances in check without stretching your resources too thin.

Navigating tax regulations can be complex for any business, let alone a startup. A knowledgeable accounting partner can help you understand and comply with federal, state, and local tax requirements. Proactive tax planning can also identify opportunities to minimize your tax burden and maximize resources for growth. For example, claiming relevant tax credits, like the R&D tax credit, can significantly reduce expenses. If you’re facing a tax notice or audit, having expert representation can make all the difference.

But every business is different, and your needs change as you grow. If you don’t know what you need, you could end up wasting money on services that don’t actually help you. Confirm if you will have someone who handles your account personally. You need a clear picture of your financials, but you want to see the information that matters to you.

Their proprietary software makes it easy to track your finances, giving you the insights to make informed decisions. Choosing the right accounting firm can make or break your startup. You need a quick, affordable accounting service for startups that knows how to help you grow. So, let’s keep it simple – here are 5 accounting firms that will keep your startup’s finances in check without the headaches.

Finvisor has been supporting startups and small businesses since 2014. We have all the accounting technology, tools, experience, and expertise necessary to help you get where you need to go, all this without breaking the bank. Kruze Consulting focuses specifically on startups and boasts a strong track record with companies that have secured significant funding. They claim their clients are statistically more likely to be acquired than the average startup, suggesting their expertise adds real value. For startups aiming for high best accountants for startups growth and potential acquisition, explore Kruze Consulting. Yes, most online accounting services can handle tax filing for startups.

A dedicated account manager will get to know you, your goals, and your financials. They are your go-to person whenever you need help or have questions. Having one person who’s always in the loop means faster responses and better service, which can save you a lot of time and stress. Tax issues can quickly become a nightmare if you are not careful. You’ll want an accounting service provider that not only keeps you compliant with tax laws but also helps with filing taxes at the end of the year.

A firm like Finvisor that works with venture-backed companies has the background of working with the most cutting edge businesses and industries, which allows that expertise to transfer to your account. Some firms offer tiered pricing, packaging services into different levels based on your business’s size and complexity. A tiered structure lets you select a package that aligns with your current needs and upgrade as your business grows, providing flexibility and scalability. This accounting firm pricing guide offers a deeper look at tiered pricing for professional services. Moss Adams is a larger firm with experience working with tech startups, offering audit, tax, and consulting services. They’re a good option for growing companies seeking comprehensive support from a well-established firm.