17 Best Outsourced Accounting Firms For Startups 2025

Fractional work, like Graphite, provides a much more efficient approach, as you are only paying for the exact effort you need at that moment in time. You also don’t pay us for benefits, downtime or vacations, so our cost tends to be much more efficient than hiring an internal team member. 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. Prior to joining Knowcraft, Saumya was a senior valuation analyst at KPMG and conducted business valuation work for financial reporting purposes. Animesh has over fifteen years of public accounting experience, serving both public and private companies in a variety of industries.

Step 2: Share Relevant Financial Documents & Data With The Firm

We specialize in providing tailored financial solutions that include advanced tax strategies, meticulous financial reporting, and proactive cash flow management, all crucial for the success of LA-based startups. While you can handle basic accounting tasks in the early stages of your startup, bringing in professional accounting expertise can be invaluable. Experienced accountants bring a wealth of knowledge in financial management, tax laws, and compliance. They can also provide strategic financial planning that helps your business grow. They can also help you determine the best accounting method for your specific situation. Consider consulting with a CPA who specializes in startups to ensure you’re setting up your finances for long-term success.

Why good accounting for startups matters

• Before joining Knowcraft Analytics, he worked for the Deloitte US India office for over 4 years as a Chartered Accountant in the Financial Due Diligence team predominantly for the Technology (TMT) sector.
• Hitesh reviews US & Canada Individual, Corporate, Partnership, State and Local tax, Provision, and estimated returns.
• Similarly, you record expenses when they’re incurred, not necessarily when you pay them.
• Countsy understands the unique demands and high growth potential that startups face.

Before hiring an accounting firm, define your expectations and goals. Are you mainly looking bookkeeping and payroll services for compliance support, or do you also want strategic financial advice? Understand different pricing models, whether hourly, monthly retainers, or project-based.

Bookkeeping Basics: Track Income and Expenses

Choosing the right bookkeeping service is key, as Jake Jorgovan explains, to building a strong financial foundation. Bench combines technology with a dedicated team of bookkeepers to provide bookkeeping services to over 25,000 American small business owners. If you’re primarily focused on streamlining your bookkeeping, Bench could be a good choice.

Learn more about Bench, our mission, and the dedicated team behind your financial success. Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease. The magic happens when our intuitive software and real, human support come together. Book a demo today to see what running your business is like with Bench.

You can do your own books (if you have time)

• What’s also imperative is keeping track of and maintaining these records and forms throughout the year.
• We’ve build specific knowledge around the most important accounting issues facing VC-backed startups.
• If you need an easy-to-understand accounting software package with great customer service and tech support, FreshBooks can help.
• He serves early-stage start-ups, private equity and insurance clients.

We set startups up for fundrising success, and know how to work with the top VCs. The company’s entire website Accounting For Architects is currently offline except for the notice, leaving thousands of businesses in the lurch. Bench touted having more than 35,000 U.S. customers just hours before it was shut down, according to a snapshot saved by the Internet Archive.

Our Services

Whether it’s your first business tax return or you’re a pro, having an organized system for your documents will save you a lot of stress. FreshBooks can help by keeping your accounting systems organized, allowing you and your tax professional to find all the information when you need to file. The cost of hiring an accountant for a startup can vary significantly depending on several key factors. These include the complexity and size of the business, the specific services required, and the geographic location of the business. For instance, a tech startup dealing with complex transactions might require a more experienced accountant, thus incurring higher costs. Additionally, startups situated in major urban centers may face higher fees due to the increased cost of living in these areas.