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

startup bookkeeping service

It also uses QuickBooks for bookkeeping but will provide an alternative interface where you can access reports without accessing QuickBooks directly. Your bookkeeper reconciles your accounts, categorizes your transactions, and produces your financial statements. They also make adjustments to your books to ensure they’re tax-compliant. Occasionally your bookkeeper might need your input on things like categorizing a transaction properly, but we try our best to make bookkeeping as hands-off as possible for you.

What happens when we’re ready to sell our business?

The dashboards will show users relevant graphs and figures, making it an on-the-spot reporting tool for managers who want real-time figures. Aside from the app, Bookkeeper360 also offers weekly bookkeeping for businesses that need updated books every week. In case you’re behind in bookkeeping, Bookkeeper360 has catch-up bookkeeping as well. However, not all founders are trained finance professionals – software and financial packets are only half the story.

How to Open a Chase Business Checking Account

startup bookkeeping service

It goes well beyond getting the books right – our integrated tax preparation team, FP&A team and CFOs can help your company be ready for the strategic situations that make running a startup special. The best rule of thumb for startup accounting is to hire a professional accountant to help you manage your business’s finances. However, there are several accounting software options available to help you manage your startup finances whether or not you choose to hire an accountant. A strong understanding of your business’s financial health is essential to the success of your company. Startup accounting provides valuable insight into your startup’s cash flow and also allows you to make financial projections. Most importantly, it ensures that your startup is staying compliant.

Set up your chart of accounts

To ensure your bookkeeping services meet your startup’s budget needs, do your research on the platforms that utilize hidden fees and extra costs before you sign up. We’re here to help you find the right digital bookkeeping service for your startup with this list of the best online bookkeeping services accounting services for startups for startups this year. To waive the monthly fee of Chase Performance Business Checking or Chase Platinum Business Checking, you’ll need to maintain a certain average beginning day balance. Chase business checking accounts have free monthly transaction limits for non-electronic deposits.

Bookkeeper360 stands out among some of its competitors by offering bookkeeping services for both cash basis and accrual basis accounting, plus it integrates with popular accounting software. The company offers a range of plans based on which accounting method you use and how often you wish to receive reports and updates. Most very-early stage startups do not need a third party, nor a full-time, bookkeeper. Assuming that the startup has a bookkeeping software like QuickBooks Online set up, we recommend one of the founders DIY the books until the company has raised a reasonable amount of funding.

What kind of services do bookkeeping services provide?

When early-stage companies get acquired by massive public companies or sophisticated venture capitalists, they need specialized accounting consulting and finance help. Our account management team is staffed by CPAs and accountants who have, on average, 11 years of experience. But our ability to offer high quality bookkeeping services at such a low price is due to a combination of our focus, experience and technology. A small business can likely do all its own bookkeeping using accounting software. Many of the operations are automated in the software, making it easy to get accurate debits and credits entered.

startup bookkeeping service

Our account managers have an average of 11 years of experience, and are experts on helping young, funded businesses with their bookkeeping. But that experience helps our team go beyond simple, outsourced bookkeeping, and offer financial advice and due diligence help that other accounting firms can not match. These financial statements also provide invaluable insight into the financial health of your startup, help you communicate effectively with investors and stakeholders, and allow you to track your business growth.

startup bookkeeping service

Tech-powered accounting, done for you

startup bookkeeping service

You can also choose to become a certified public bookkeeper to market yourself better as a bookkeeping professional. Even though we currently work with a lot of life science and biotech startups, we can also offer support and guidance at every business development stage. From assisting you in your next growth phase to helping you prepare for an acquisition, we’re here to help — whatever that means for you.

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