Get certified bookkeeping, financial reporting, and dedicated support all in one place. We create a proactive compliance calendar and manage all of your tax deadlines and requirements. We provide some of the most robust financial reporting in our industry, so founder & operators can focus on using data, not mining it. Every Graphite client has access to an experienced CFO, whether it’s ad hoc or long-term support.
Re-outsourcing your financials: Is it right for your startup?
And in today’s higher interest rate environment, our finance and accounting teams have been helping clients think about safe ways to get some yield out of their cash positions. Cash basis accounting involves recording revenue when cash is received for a sale and expenses accounting and bookkeeping service for startups when they are paid. This is the easiest of the two methods; however, it doesn’t always provide the most in-depth or accurate representation of the company’s financial position. Furthermore, it is not recommended for businesses with staff or plans for expansion.
Here’s what our clients are saying.
We’ve put together the ultimate finance and HR due diligence checklist for startups. We may monetize some of our links through affiliate advertising. At any moment, executives or team members may own public or private stock in any of the third party companies we mention. We use data to improve our client experience, measuring our accuracy, timeliness, customer satisfaction and more. We promote the continuous improvement of our teammates, our clients, and our firm. Unprofitable startups can seriously reduce their burn rate – up to $500,000 per year.
You’re our first priority.Every time.
With us, your books and taxes are in order when it’s time to raise another round of venture financing. 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.
Setting up an Accounting System
John Li of Vimcal explains how the software allows busy founders and executives to effectively and efficiently manage their schedules. Our history as pioneers in accounting technology and automation is well established. We’ll help you select and configure the best fintech systems, from cards to banks to bill pay – and beyond. Grew from a 2-person startup to a NASDAQ listed public company.
Best for Inventory Tracking
- When performing startup accounting services, a good accountant doesn’t merely crunch numbers; they provide strategic insights that can drive business growth.
- We automate everything but have our experts keep an eye on your financials to catch the mistakes the systems make.
- Looking to outsource your company Accounting functions to a reliable, experienced team of professionals?
- Modern startups can leverage accounting software solutions tailored to various industries and requirements.
- So, here are the basics of bookkeeping for startups – in particular, early-stage companies that have or are going to raise outside venture capital or seed funding.
One more thing we don’t do is we don’t work with people we don’t know. We’ve found that our current clients refer the best new relationships, so take a look on social and see who we both know before reaching out. If you’re still interested, fill out the intake form below and we’ll set up a time to chat. A specialty https://www.bookstime.com/ accounting firm located on the internet, but physically based in NY. PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology.
Finance as a Service (FaaS)
