9 Best Online Bookkeeping Services for Startups 2024 TRUiC


bookkeeping for startup best company

Kruze’s bookkeepers will work with you to find the financial delivery date that works for your needs. Kruze Consulting is 100% focused on helping seed and venture funded businesses, and one of our key services is accurate and affordable bookkeeping for startups. Making the financial statements correctly mirror these dashboards is not as simple as it sounds! But, correct accounting relies on more than just data feeds, and our team knows the questions to ask our CEOs for the information needed to produce GAAP revenue. When revenue or expenses happen, it’s your startup bookkeeper’s job to record these into your company’s accounting system.

bookkeeping for startup best company

Kruze uses a proprietary software that plugs into QuickBooks and it categorizes about 70% of the transactions, and automatically. And we complement that automated bookkeeping with high-quality staff accountants. When you have your vendors labeled, you can actually run reports by vendor and see exactly what you’re spending. For early-stage businesses without a ton of complexity, and who are using the systems above that automate a lot of the work, it’s not so hard to generate the financial records that you will need to run your business. We generally recommend that businesses move away from spreadsheets and into an accounting software as soon as possible.


It’s also a key component in demonstrating due diligence and maintaining accurate books, which are necessary when it’s tax time. Using an online bookkeeping service ensures that your financial transactions are documented, and any financial data is organized well. Plus, while there are benefits to hiring an in-house bookkeeper, online bookkeeping services tend to be cheaper than traditional bookkeeping services.

If you are going to raise real Angel and VC capital, then incorporate as a Delaware C Corp. Venture Capitalists do not typically want to invest in LLCs and S Corps. So if you are raising money, especially from professional or experienced investors, you’ll need to choose a Delaware C Corp as your entity type. Btw – LLC and S corp structures are great if it’s a family owned business and you will not be raising VC capital. However, not all founders are trained finance professionals – software and financial packets are only half the story.

QuickBooks Live

We look to partner with our clients, going beyond the typical outsourced accounting relationship and seeking to provide a higher level advisory role. We feel honored to be a part of making the world a better place, even if it’s one debit and credit at a time. Solid financials help de-risk your startup’s next venture capital round.

Online bookkeeping services range in price, with some as low as $49 per month and some as high as $995 per month. Determine your budget before shopping around for services to make sure you are choosing the right one for your startup’s financial needs. If you are looking for cost-effective bookkeeping services, Merritt Bookkeeping may be the choice for your startup. Plus, they will communicate directly with your CPA to ensure tax season runs smoothly. Collective centers many of its services around S corp formation, making it ideal for startups that want to structure their business as an S corp. By signing up to be a Collective customer, you receive an extensive list of features from formation services to tax preparation and filing to bookkeeping and accounting.

Is QuickBooks good for startups?

Many companies raise their next round of venture capital based on their revenue growth. Many early-stage CEOs use a variety of dashboards to visualize their revenue. The service will then create valuable reports such as a profit and loss statement and balance sheet and prepare your books for tax season. Our accountants serve startups all over the US, with offices in Austin, San Francisco, Silicon Valley (San Jose), Los Angeles (Santa Monica) and New York City.

  • 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.
  • Time and time again, we see not very good bookkeepers not labeling the vendor names in their clients’ accounting software.
  • Bookkeepers can be certified in various financial platforms, such as QuickBooks, or via training programs.
  • We know how to de-risk your startup’s next venture capital round.
  • Btw – LLC and S corp structures are great if it’s a family owned business and you will not be raising VC capital.

You will want to do your research before pricing your services, and you will also want to maintain some level of flexibility to adjust your rates in the future. Once you’ve settled on a business name, you’ll need to register startup bookkeeping your business in the state in which you will do business. Clients who have worked with Kruze have collectively raised over $15 billion in VC funding. Grew from a 2-person startup to a NASDAQ listed public company.

Price Your Services

Our team conducts multiple reviews on every client’s financials – every month. And because we are familiar with early-stage companies’ business models, we understand the complexities (and importance) of issues like revenue recognition, ARR, capitalized vs. non-capitalized development costs and more. At early-stage companies, decisions are made on tight timeframes. We know that your company is burning cash, and understand how important it is to get the financial data you need to make critical decisions.

  • Talk to people in your network who are also bookkeepers and ask what they are charging.
  • It can be a great option for startup bookkeeping services, depending on the needs of your business.
  • But, we go the next step and have our experienced team do several levels of reviews to help catch anything that the automated systems might miss.
  • We automate everything but have our experts keep an eye on your financials to catch the mistakes the systems make.
  • Many early-stage CEOs use a variety of dashboards to visualize their revenue.
  • Grew from a 2-person startup to a NASDAQ listed public company.


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  • Publicat în12.01.2021
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