Early Growth / What We Do / Accounting for Startups

Finance & Accounting for Startups

Results are the foundation of any business. Our CFO consulting services ensure you know what's happening with your business, and how to move it forward.

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Outsourced Accounting & Finance For Startups

Seasoned financial guidance for every
stage of your business.

Finance

A CFO is a strategic member of your team. Interpreting the past and current financial results, and more importantly, charting the financial future of your business, the CFO is an indispensable ally, whether you're just getting started or ready for an exit.

At Early Growth, we understand entrepreneurs and the challenges they face when building a company. Our team of CFOs have decades of startup expertise, and can provide a cost-effective, practical solution for your business.

From building financial models for your fundraise, to forecasting the pathway to hit your next milestone, our CFOs ensure you've got a partner to guide the way.

CFO solutions are available on a month-to-month basis, as well as for individual projects on an as-needed basis.
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accounting accounting

Accounting

You only have so many hours in the day. Shouldn’t that time be spent focusing on your core business rather than dealing with the administrative headaches of day-to-day accounting? Our outsourced accounting services are a turnkey solution.

As the accounting leader in the startup ecosystem, we have worked with companies in a variety of industries and funding stages – whether for standard block-and-tackle accounting or more complex financial oversight.

And with over 10 years of experience, we've developed bulletproof processes and procedures that ensure your finances are prepared timely and accurately... every time.

Our experienced accountants manage your day-to-day billing and accounting, month-end closing, cash management and more, all in accordance with GAAP. At the end of every month you'll receive a complete reporting package that you can review with your CFO.

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The CFO Advantage
“Anybody can put in a bunch of numbers into QuickBooks and generate a financial statement. But it’s interpreting those numbers and helping my clients understand them. That’s where a CFO comes in.”

- Paul Meyer, Consulting CFO, Early Growth
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I knew we needed financial help so that we could stay on top of things and keep us proactively accountable to our investors.

I got recommendations for Early Growth because I get to interface with people—not software.
— Aly Orady, founder of Tonal

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It's as easy as 1-2-3
1
Contact Us
Fill out a contact form so we know a bit about you.
2
We'll follow up
A team member will contact you to gather some more info and schedule an appointment with a CFO.
3
Get your quote
A CFO will walk you through your needs and prepare a customized quote.
What We Do
Early Growth is the largest national firm in the venture capital space
Finance & Accounting
Finance & Accounting
An experienced financial team providing monthly accounting for founders who want to get back to focusing on their business.
taxes
Taxes
Domestic & international tax compliance, including income & sales taxes and R&D credit studies.
Equity Management
Equity Management
409A Valuations and Cap Table Management solutions to manage your equity & stock options.
Fund Administration
Fund Accounting
Helping GPs address monthly accounting, reporting, deal management, and LP communication.

Frequently Asked Questions

Our CFOs make each client’s relationship unique. We know how important it is to discuss complex topics in-person. Early Growth CFOs are happy to meet at your office.

Fill out our Contact Us form and one of our team members will set up a 30-minute consultation with you.

Yes, Early Growth provides several finance and accounting services for startups. Our Finance services include budgeting & forecasting, financial modeling, M&A support, strategic consulting, board presentations, fundraising support, and more.

Our Accounting services include account reconciliations, billing & invoicing, cash reporting, GAAP Financials, A/R & A/P, day-to-day accounting, and more.

A win for you is a win for us. Our CFOs want the best for our founders, and making sure that there’s transparency in cash management and burn rate is important. Fundraising takes time and preparation. With our CFOs who are experienced working with early-stage startups, having them on your team will allow you to walk into any pitch meeting with confidence.

Yes, we do offer bookkeeping services. Our Senior Accountants provide day-to-day accounting, billing & invoicing, tax preparation, and other services to help small businesses manage their finances.

Accounting for startups and bookkeeping for startups deal with numbers, but they are not the same process. Startup bookkeeping is the activity of keeping track of daily expenses (payments, invoices, and other liabilities) and incoming money. In contrast, startup accounting is analyzing and verifying the numbers to ensure that the company is meeting all its obligations, such as paying taxes. Accounting takes all the numbers and interprets them to facilitate any possible strategic decisions, always based on the company’s existing numbers and financial health.

Both processes are necessary for every business. Accounting for startups is vital because, without it, startups do not know where the money is going, how long they have on their current balance, budget for more hires, and supply investors with financials. Most startups fundraise more than once, which makes accounting for startups a vital process when seeking investments. Investors will need to evaluate a startup’s accounting books before proceeding to an investment.

Accounting records are also necessary If your startup is looking to get a business loan.

All businesses, whether they are classified as a startup or an SME (Small to Medium Enterprise) need to keep records of all their financial activities. Startup accounting and startup bookkeeping are similar to SME accounting and bookkeeping. The main differences lie in the growth projections and goals of the business. Startups are generally more aggressive in their growth projections, while SMEs, in general, place more emphasis on long-term goals. 

Therefore the short answer is “all records” need to be meticulously kept and analyzed.  If you are not familiar with the financial aspect of running a startup, your startup accountant will make sure that everything is organized and clear. 

Such records include all:

  • Credit card and bank statements
  • Receipts for company expenses
  • Invoices and bills
  • Canceled checks
  • Tax returns
  • 1099 forms and W2 forms
  • Documents and proof that supports any incoming or outgoing transactions

Note that it is essential to keep all your records for at least three years after you have included them in your taxes. In some cases, it might be best to keep them for longer. Your startup accountant will know what to do.