Accounting Systems Implementation
Businesses need real-time information in order to make decisions as well as for lending and due diligence purposes either when you apply for a loan or are seeking investment from Angel and Venture Capital sources. We assist businesses with set up and staff training with Quickbooks Online. We can also assist businesses that may want to make the switch from Desktop to Online. We can help to create a chart of accounts that works specifically for your startup. We recognize that business owners may want to have a more detailed analysis of the various operations/business lines that make up their operations and use division (class) tracking in Quickbooks to give clients the finer detail they need, so they can see how they are operating across multiple business lines.
Quickbooks Online Pro-Advisors and Advanced Online Proadvisors
CASH FLOW MANAGEMENT
Virtual Controller/CFO Solutions
Board & Investor Reporting
Bookkeeping
We can help your early-stage tech startup keep track of its bookkeeping. Seed to Series A technology startups have to frequently report their financials to the board and for due diligence requests and for annual 409A valuation purposes. Let us help your tech startup keep its books compliant with GAAP rules and record transactions on the accrual basis of accounting. Our bookkeepers are all Certified Quickbooks ProAdvisors and ensure the following tasks are completed:
Bank Reconciliation
Credit Card Reconciliation
Accounts Receivable
Fixed Asset Reconciliation
Prepaid Expenses
Deferred Revenue
Long Term Assets and Long-Term Liabilities
- Many types of assets need to be amortized over long periods of time, including patents, software development costs, and other intangible assets. We ensure companies record these costs correctly.
- Investors regularly use Convertible Notes and SAFE Notes (Simple Agreement for Future Equity) to invest in the early financing rounds of a startups. We help startups ensure that these are identified and recorded correctly as a common mistake we see is that they are recorded as income instead of a long-term liability.
Equity & Cap Table Reconciliation
Stock Option Expense
We can help your startup record it’s stock compensation expense and ensure that it is in line with GAAP rules.
Revenue Reconciliation
We can help to ensure revenue recognition standards are being followed when record revenue in your accounting system and assist journal entries and reclassifications to correct for deferred revenue.
Expense Classification
When it comes to expense classification we use trends and analytical procedures to verify and analyze if there are any discrepancies
Pre-Seed
- Reconcile Quickbooks Online
Accrual Based Bookkeeping - Monthly Call
- Chart of Accounts Template Provide
A/P A/R Tracking By Client - Delaware Filings
- Annual Tax Compliance (1120, and one State Filing)
- Sales Tax Filings (Optional)
Seed
- Reconcile Quickbooks Online
- Accrual Based Bookkeeping
- Monthly Call
- Customized Chart of Accounts
- Deferred Revenue Recognition
- A/P, A/R Tracking
- Inventory/COGS Reconciliation
- Financial Metrics
- Annual Tax Compliance (1120, and one State Filing)
- Sales Tax Filings
Series A & Beyond
(discount if billed annually)
- Reconcile Quickbooks Online
- Accrual Based Bookkeeping
- Monthly Call and ongoing communication
- Customized Chart of Accounts
- Deferred Revenue Recognition
- A/P, A/R Tracking
- Inventory/COGS Reconciliation
- Board Financials and Metrics
- Annual Tax Compliance (1120, and State Filing)
- Sales Tax Filings
Our Process
Step 1: Contact Us
Get in touch and we’ll reach out to you to schedule a video call to better understand your tech startups needs and prepare a custom quote.
Step 2: Onboarding
We’ll invite you to our secure client portal where you can use our easy to use onboarding checklist to get started. See general pricing guide here.
Step 3: Review
We schedule ongoing video calls with you to review your financials and ensure all of your tax compliance is taken care off.