Accounting Services for Startups

Startups are Creating the Future

Entrepreneurs have the potential to revolutionize industries and create new markets, global trends, and innovations which leads to significant economic growth and breakthroughs.

Startups are well-known for innovation, risk-taking, and passion. But it’s not enough to just have brilliant ideas and take risks if you want to achieve results as a company. Hard work, management, and accounting are the pillars of running a successful business.

Our Accounting Experience with Startups

Whatever your field, we are here to help with your startup. Our CPAs, bookkeepers, and financial experts have ten to thirty years of experience in travel management, blockchain, healthcare services, education, eCommerce, and more. They will guide you and your business through any accounting pitfalls. We work hard to make the bookkeeping process as straightforward as possible.

If your aim is to get the most out of your resources and maximize profit, following a sound financial strategy is an effective way to reach your objectives. A clear plan outlining your goals, timelines, and resources will ensure that you don’t overspend or run into trouble.
The financial strategy aims to identify the following:

Where is your money going?
How much do you have to invest?
What are the best ways to reach your goals?

Raising Capital with BooksTime

With BooksTime accounting services for startups, you can establish a plan to raise capital, such as through loans, grants, or investor funding. You’ll understand:

financial risks associated with taking on debt or giving up equity
types of loans available, such as short-term or long-term
ways of saving money, avoiding penalties, and staying on top of your finances.

Strategy is the bridge between success and failure. Having a clear plan on how to manage finances, set achievable accounting goals, and understand the risks associated with investments and debt will ensure that you are on the right track.

How BooksTime Can Help Your Startup Business

Are you an entrepreneur looking for options to manage your accounting and bookkeeping? BooksTime delivers a tailored, tech-savvy accounting experience to manage your finances properly. We specialize in helping companies get up and running — from tracking income and expenses to preparing financial statements. We are the trusted partner that accompanies your business from starting point to success.

Our accounting services for startups are designed to meet your specific needs. BooksTime can help you with the following:

Bookkeeping
Filling in payroll forms (941s, W-2s, 1099s)
Tracking invoices
Calculating expenses
Tracking payments via cash, bank cards, PayPal, and ACH transfer
Generating financial statements
Budgeting and forecasting

We provide customized solutions based on the unique needs of your business. Regardless of the specific strategy, all of our accounting services for startups aim to leverage the latest accounting automation technology to streamline and simplify.

With BooksTime, you can rest assured that your books and accounts will always be accurate and up to date. We offer the highest quality bookkeeping services for startups, and we’re here to help you succeed.

From New Business to Market Leader

Achieving success as a company with a limited budget requires you to carefully manage your finances. The wrong decision can lead to steep costs and penalties, which in turn can cause your business to collapse. Given that this financial decision-making has such high stakes, it is important to anticipate problems before they actually happen.

Accurate information is the key to crafting smart solutions. Most entrepreneurs lack accounting knowledge and are unable to extract the right insights from their financial information. Our experienced accountants, however, know the totals of invoices from suppliers and the deadlines for sending reports and making loan payments. Your dedicated expert will plan your finances and the terms of necessary payments.

Accounting support is needed at every stage. They can play an instrumental role in creating your business plan, which every startup needs to determine future decision-making. Your skilled expert will work with you to create an action plan that considers every element of your business, from your targets to your strategies and tactics:

calculate rough costs and price levels
identify any potential risks and challenges
choose the most profitable goods and services
develop optimal strategies
define success points like profit margin or profitability indicator, so you know when you’ve achieved it

The Importance of Accounting for A Growing Startup

When it comes to business development, accounting is still vital. You’ll need the accountant’s advice on the following topics:

profit distribution
fund formation
credit and loan processing
sale of unprofitable assets

Big money demands even more control. BooksTime’s accounting services will empower you to make sound business decisions based on reliable data. Schedule a meeting to find a dedicated accountant that will help your business reach success.

How Accounting for Startups Works

Discover 7 ways BooksTime simplifies the lives of entrepreneurs:

Scale Smoothly. As your business grows, your dedicated team at BooksTime can grow with you. Whether you’re a solo entrepreneur just starting out, or a later-stage VC-backed startup with 100 employees, we’ll right-size a service package to meet your needs.

Save Time. Never spend another hour checking transactions, tracking bills, running payroll, or sending invoices. With accounting services for startups, you have time to focus on running your business and generating revenue.

Guarantee Accuracy. All accounting transactions are properly recorded, and all financial documents are up-to-date with no errors or overdue reports.

Track What Matters Most. You’ll get easy-to-understand dashboards with the industry-specific metrics that matter to your company. Get quick visibility into your cash runway and burn rate, budgets and forecasts, trends and anomalies, and much more. Best of all, you’ll have a dedicated accounting pro to explain it all.

Save Money. A dedicated bookkeeper costs up to 50% less than hiring an in-house accountant. This sets up your business to save huge amounts of money in the long run.

Impress Investors. With professional financial reports and presentations, you’ll make the right impression on investors, lenders, and potential acquirers.

Leverage Advanced Software. Accounting services for startups are delivered with the best cloud-based software and streamlined with the latest in automation tech. No more overcomplicated Excel spreadsheets, clunky desktop apps, or lost data.

Why Clients Love BooksTime

"We use Bookstime for over 3 years now. Initially we were introduced to Bookstime as a “firefighter” partner as our previous partner could not handle our growth anymore, Bookstime became an integral part of our business - great partnership - proactive business attitude - always looking to resolve problems and help the company to manage the books the most efficient way possible."

Lutz Klein

Currex

“The team at BooksTime provides the highest level of service imaginable. I can't recommend them highly enough — BooksTime is by far the best option out there.”

Yuri Nikolski

Prosapia Genetics

“Love working with Sonya and the team! Excellent communication, fast, and reliable.”

Michael Reich

Language International

“I tried out multiple bookkeepers before finding BooksTime with little success in regards to setting up the QuickBooks platform so that it integrates with my Ecommerce site, Amazon and manages my inventory all at the same time. BooksTime took their time to set it up properly, was always extremely communicative, and very thorough in cleaning up the mess I had made along the way. I highly recommend them for your bookkeeping needs and especially for those who have had trouble managing multiple channels and inventory through Ecommerce, retail, direct, etc.”

Carrie Forbes

Gutsey Bars

“BooksTime is very prompt to respond to questions or needs. Proactive. Great service!”

Daria Alladio

Boston iLab

Set-up

Just starting and don’t have anything set up yet? We’ll get you set up fast. This takes accounting knowledge, as well as technical automation know-how (to minimize the manual work needed on an ongoing basis). With BooksTime, you get both accounting and automation expertise. Start from a strong foundation by delegating this important task to an expert.

Ongoing Bookkeeping

When asked about the secret to their success, Bill Gates and Warren Buffett both gave the same one-word answer: “focus.” You’ll need proper bookkeeping to keep tabs on your finances, file taxes, and impress investors - but there’s no need to do that work yourself. With BooksTime, you get a dedicated bookkeeper so you can focus on growing your business.

Finance Dashboard

Some bookkeepers only prepare standard financial statements. With BooksTime, you also get a customized dashboard with the metrics that matter most to you. Your dashboard makes it easy for non-accountants to track key trends, anomalies, and forecasts, as well as stats like LTV, CAC, cash runway, and more. Plus, your dedicated bookkeeper is available to review the numbers with you anytime, and can even help prepare investor presentations.

Accounting and Bookkeeping Services for Startups