Establish accounts needed to generate financial statements and track business-critical data. The chart of accounts is a list of all accounts tracked in your general ledger. With accrual accounting, revenue and expenses are recorded when transactions occur, regardless of when money exchanges hands.

Achieve Scalable Growth with Expert Bookkeeping Services Designed for Startups

This means that many transactions can be automatically and cleanly dropped into QuickBooks, it’s actually coming in cleanly into QuickBooks. Now, the accountant still has to validate and make sure it’s accurate, but it saves quite a bit of effort. Our premium package offers access to strategic expertise from professionals that understand your startup’s needs.

• Improved Financial PlanningWhen you have a clear understanding of your financials, you can make better forecasts and set more realistic goals.
• If you are unsure about any part of it, don’t be afraid to ask for clarification.
• Our account management team is staffed by CPAs and accountants who have, on average, 11 years of experience.
• Clean books demonstrate sound financial management, increasing investor confidence and your chances of securing funding.
• If you’re looking for expert guidance, explore FinOptimal’s Managed Accounting Services.

So You’ve Founded an E-Commerce Startup: A Guide to Setting Up for Success

• The company has saved clients an impressive $50 million in taxes, demonstrating its ability to optimize financial strategies while ensuring compliance with complex tax regulations.
• The right technology saves you hours each week, minimizes errors, surfaces financial insights, and provides peace of mind that your books are properly managed as you scale.
• Their proprietary platform supports accrual accounting for precise financial management.
• With Invensis, you can focus on growing your business while we handle the financial details.
• But every business is different, and your needs change as you grow.

Every client we work with is assigned a dedicated team, usually consisting of two to four team members. We love Slack, so if you use it, we can create a Slack instance and communicate there. We also will create an email alias so you can simply email one email address that will go to your entire Graphite team.

Related Services

For QuickBooks Live’s bookkeeping services, you can expect to pay $200 per month minimum. You will also be required to pay a “clean-up fee” to begin your bookkeeping membership; however, this price is dependent on tax filing status, sign-up month, and business start date. Additional features include bookkeeping advisory and software, financial reporting, accounting services, payroll services, and business entity formation. At Knowcraft, Syed manages overall operations for clients engaged in M&A advisory services. He provides technical support in investment banking projects and financial reporting valuation. Prior to joining Knowcraft Analytics, Anshuman served EXL where he was responsible for managing client businesses and building client relationship.

Bookkeeping for startups

Nishma has over fourteen years of experience in business valuation services for companies in technology, life sciences and various other industries. She has performed valuations for more than 3,000 privately held business for a variety of purposes including 409(A) compliance, gift tax, purchase price allocation, portfolios, and complex derivatives. Before Knowcraft, Dhara was a part of the Business Valuation team at Deloitte Financial Advisory Services Pvt. Ltd. for close to 4.5 years, where she worked on business valuation for M&A targeting, financial reporting, tax planning, and management planning purposes.

• Ask what types of issues they can help with at odd hours – sometimes it is just basic questions, but it is worth knowing.
• The startup was backed by investors, including IT firm Sage, Contour Venture Partners, and Altos Ventures.
• As your startup grows and your financial operations become more complex, consider outsourcing your bookkeeping.
• Regularly checking your cash flow—the money coming in and out—is essential.
• With Kruze, you will get specialized systems and scalable support for accurate, growth-ready financial management.

We set startups up for fundrising success, and know how to work with the top VCs. Our entry-level package gives early-stage founders the accounting expertise they need. Startups are more successful when they can accurately budget and plan for growth.

How Knowcraft Analytics Transforms Startup Accounting

Companies that have raised capital from professional investors require a specialized level of bookkeeping and accounting. 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. Reconciliation is an especially important part of bookkeeping for funded companies, since investors (and potential acquirer) expect accrual accounting and financials that are close to GAAP. Kruze helps set up connected, automated systems that help do much of this work automatically. But, we go the next step and have our experienced team do several levels of reviews to help catch anything that the automated systems might miss.

How much do accounting and bookkeeping services cost for startups?

Most companies work with Graphite for long periods of time, as our service is extremely scalable and cost-efficient. There are “bandaid” accounting services that are more so quick fixes for short periods of time, and then there is Graphite…one of the few long term partners. Most of our clients work with us for years and years, and we take many through their exits, M&As, etc. Fully managed startup accounting & bookkeeping, handled by industry specific Accountants, Controllers & CFOs who understand your business. A lot of those systems actually have built in either integrations or ways for us to handle them automatically, so that gets some of Accounting For Architects the work off the accountant’s plate.