Kruze is trusted by hundreds of companies, and we understand the unique challenges startups face. If you haven’t been keeping track of your books by the time you raise your first outside money, you need to get your books in order. Smart VCs will check to see what the difference is between the CEO’s revenue number and the actual financial startup bookkeeping statements recognized revenue. An outsourced bookkeeper can help monitor your invoices, payments, billing and other transactions to make sure you’re collecting funds that are due to you, as well as paying your vendors and contractors on time. Merritt Bookkeeping only offers one package at a flat rate of $190 per month.
We know how to de-risk your startup’s next venture capital round. Our team makes sure you are ready to fly through your next VC’s accounting, HR and tax due diligence. And when you use us as your bookkeeper, we set up and keep up-to-date a due diligence folder so you can get that next round of fundraising. If you are hiring a team, or getting ready to pay yourself, one of the most important steps in bookkeeping for a startup is getting an automated payroll system that smoothly interfaces with your accounting software.
Create a Business Plan
This probably involves categorizing the “transaction” in a way that makes sense, say a payment to your payroll provider as a payroll expense. 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. Bookkeeping involves documenting and organizing financial data for a business. Accounting takes this data and uses it to provide valuable information on the company’s financial performance as well as prepare for tax season.
Kruze’s accounting team knows how to explain what financial statements mean and how important metrics impact a startup’s strategy. For dedicated startup bookkeeping that you can trust, look no further than 1-800Accountant. Their bookkeeping services are done by Certified Public Bookkeepers (CPB) dedicated to each account.
Price Your Services
There are particular moments when automated systems are likely to introduce mistakes, such as when employee benefits are changed. QuickBooks is a popular software platform used by small businesses and startups alike. It can be a great option for startup bookkeeping services, depending on the needs of your business. Boasting over 25,000 small businesses served, Bench is an experienced digital bookkeeping solution.
- Bookkeeping involves documenting and organizing financial data for a business.
- When revenue or expenses happen, it’s your startup bookkeeper’s job to record these into your company’s accounting system.
- Bookkeepers are also not required to have an accounting degree.
- 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.
- Our clients have secured Pre-Seed to Series C or Series D funding.