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.
Outsourced Accounting & Finance For Startups
stage of your business.
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.
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.
- Paul Meyer, Consulting CFO, Early Growth
I got recommendations for Early Growth because I get to interface with people—not software.
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.