17+ Best Accounting And Bookkeeping Services For Startups

Since 2016, they’ve helped hundreds of startups with scalable accounting solutions, including bookkeeping, tax filing, and fractional CFO services. Graphite’s team comprises experienced accountants and controllers specializing in startup finance. Pilot is a large, US-based outsourced accounting firm specializing in startups. With a team of over 250 professionals, they offer a broad range of services, including bookkeeping, fractional CFO support, and tax preparation. If you’re seeking a firm with a substantial team and a comprehensive service offering, Pilot might be a good fit.

With pricing plans tailored to the needs of cash-strapped, fast-growing startups, we’re equipped to support your journey. If you are a pre-seed to Series C, early-stage company looking for expert financial analysis and tax preparation, rely on Kruze! Let’s talk about how our outsourced CPA services can support your startup’s financial health. Think of bookkeeping as the foundation of your startup’s financial house. Solid bookkeeping practices track every transaction, ensuring you have a clear picture of your income and expenses.

• They have helped save clients an average of $34,500 annually through optimized financial management.
• Transparent pricing is essential for budgeting and builds a strong relationship with your firm.
• Often, entrepreneurs that are just getting started like to perform all the business functions themselves.
• Their proprietary software makes it easy to track your finances, giving you the insights to make informed decisions.

They assist in company setup, tax compliance, 409A valuations, and detailed financial forecasting. With over 2,200 clients and an impressive record of 542,000+ service hours, Ledger Labs has built a reputation for expertise and reliability. Their proprietary platform supports accrual accounting for precise financial management. Paro connects startups to top-tier accountants within 72 hours which is 20 times faster than traditional methods.

While reviews can give you some insight, relying on them alone can be a mistake. Reviews are written by people with different experiences, and they might not reflect what best accountants for startups your specific needs are. Instead of just looking for the lowest price, focus on getting good value. If you invest a bit more in someone who knows what they are doing, it can save you headaches and money in the long run. A lot of startups mess up by not really thinking through what kind of accounting or bookkeeping help they actually need. You might be tempted to go with the first firm you find, or just pick the cheapest option.

Their service is tailored to keep your books accurate and up-to-date, and they even offer a guarantee that, if an error is made, they’ll correct it at no additional charge. Every client is assigned a dedicated accountant backed by a full team. This structure ensures that you always have reliable and consistent financial guidance, no matter how complex your needs become. Plus, all team members are full-time, W-2 employees, ensuring accountability and expertise​. Here’s a curated list of the 18 best accounting services for startups that highlight their specialties and ratings to help you pick the perfect fit. As a startup founder, the last thing you would want to do is put your energy into bookkeeping and accounting.

Do your research and see what other founders are saying about their experiences. Select a firm that offers scalable services to accommodate your changing requirements. Discuss their ability to handle increasing transaction volumes, expanding teams, and more complex financial reporting as you scale. Kruze the best accounting firm for high-growth, technology companies. We GET what founders are going through, know the metrics they need to support their growth and VCs and have the experience to help make sure your team has the financial data they need. Ledger Labs specializes in addressing the unique financial challenges startups face.

What to look for in a great accounting firm for tech startup

Choose a firm that embraces innovative technology to streamline processes and provide efficient services. Ask about their use of cloud-based accounting software, data analytics tools, and integrations with other business systems. This tech-forward approach can save you time and resources, allowing you to focus on your core business operations. InDinero offers a full suite of accounting services for startups, from bookkeeping and tax preparation to financial reporting. If you’re looking for a one-stop shop for your accounting needs, explore inDinero.

Accounting for Startups: The Founder’s Guide (

They are crucial for reconciling your accounts and preparing for tax season. When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. Avoid costly errors and gain valuable financial insights with 1-800Accountant’s professional support. One team to help with both setting up and managing payroll and HR policies to designing your benefits package and negotiating rates with your carriers. Need help with budgeting, KPI tracking, board decks, or fundraising?

We also are tax experts – which may seem odd, as startups lose money, so why do they worry about taxes? Additionally, our team of CPAs is augmented with some experienced CFAs on our financial services team. This team helps put together projections and financial models that are used in fund raising and exits.

From managing cash flow and securing funding to navigating complex tax regulations, early-stage companies face unique accounting challenges. Finding the best accounting firms for startups can provide the expertise and support you need to build a sustainable financial future. This guide will walk you through the essential accounting services for startups, key considerations when choosing an accounting firm, and how to prepare your business for financial success. We’ll explore everything from bookkeeping and tax planning to fundraising support and the latest accounting technologies. Our deep-rooted understanding of local areas like Wall Street, Silicon Alley, and the burgeoning startup hubs in Brooklyn positions us uniquely to support New York-based startups. Our services, ranging from meticulous financial reporting to proactive cash flow management, are designed to meet the high demands of New York’s vibrant startup scene.

In-House vs. Outsourced Accounting: Which Option Should Startups Choose?

But if you are doing it manually, keep receipts or digital records of everything. The easiest way to keep everything organized and efficient is by using accounting software. There are plenty of options – QuickBooks, Xero, or Wave (which is free) – that can automate your transactions, track invoices, and even run reports. Pick what fits your business, but know that you can switch later as you grow. Starting with cash accounting is common for many early-stage startups. How many months can your startup survive with the cash you have?

You can do bookkeeping manually or use software like QuickBooks to help you manage and track your startup’s financial documents. While many startup founders choose to hire an accountant, it is possible to do accounting yourself or by using accounting services. Consider the firm’s experience with startups in your industry, their range of services, their use of technology, and their communication style. Don’t hesitate to ask for client references and check online reviews.

A solid accounting and bookkeeping firm should handle payroll, make sure your taxes are in order, and that everyone gets paid on time – no drama. Milestone is known for guiding businesses through financial complexities and has helped clients secure over $250 million in growth capital. Their team excels in aligning accounting practices with Generally Accepted Accounting Principles (GAAP), helping you navigate capitalization and amortization rules effectively. Pilot has a US-based team of 250+ professionals that delivers personalized services, including R&D tax credit savings of up to $500,000.

Accounting for Startups — A Comprehensive Guide

If they don’t seem familiar with industry-specific issues, it is a red flag. Cash accounting is ideal for early-stage startups with simple transactions. If you anticipate rapid growth or handle complex deals, accrual accounting is better. While it’s easy to fall into the trap of paying too much for accounting, beware that spending too little can also be bad for business. Finvisor ensures affordable pricing that is easy to understand and consistent. Our accountants aim to help you make money with our expert financial analysis.