Accounting
February 15, 2024 | 4-minute (756 words)
Operating a business has many aspects. From…
Having a complete understanding of your startup’s financial health is critical. Our complete FinOps Done portfolio of services has everything you need to make sure your finances are in order. From tech-driven processes that cut time, energy, and mistakes from billing to experienced startup CFOs delivering expert strategic guidance, Early Growth gets it DONE.
Our experienced advisory team delivers financial forecasting and planning insights for better business decisions that set you up for success.
Startup financial management consultants deliver in-depth reports that include break-even points, unit economics, profitability, so you have the real-time financial reporting needed for informed decisions.
We help ease the stress of board presentations with detailed financial projections that enable you to confidently share your business’s financial situation and strategic plan.
Our CFO-level financial analysis and financial health reporting tools enable your team to continually track key financial performance indicators that show how the company is thriving, or just surviving, day to day.
Our financial budgeting tools will help you accurately anticipate capital expenditures, cash flow and more so you can chart a course forward.
Our detailed financial analytics break down patterns and identify outliers. We then leverage big data, through predictive financial analyses, to find the trends that will help or hurt your business.
We deliver accurate and timely payments for all recurring and nonrecurring bills, as well as provide verification and approval of bills from suppliers. We also reconcile them with services/goods receipts and purchase orders.
Our bill-paying services comprise:
Collating all bills that come from service providers and clients.
Keeping a detailed schedule of all payables.
Paying bills manually (check) or electronically.
Storing all bills electronically for easy access.
Delivering client reports on a regular basis.
Providing each client with their own private and secured fax number and email address to send invoices.
Furnishing complete year-end financial reports with assets and liabilities.
Disputing unwarranted charges.
Experienced financial accounting services teams manage account payable entries to ensure vendors and suppliers are paid on time. We also keep your balance sheet stays on track and up to date.
We check your credit card statements to verify all transactions made through your corporate card are accurately reflected on your balance sheet, keeping financials secure.
Financial accounting services teams manages accounts receivable entries and invoicing so you get paid when it’s due.
Our experienced cash application specialists monitor your cash inflow and maintain organized financial records. We also keep track of financial information with regular reports so you’re up to date on collection management, if needed.
We can effectively inform debt collectors on behalf of your business. Though we primarily call debtors to start, we also email, fax and mail a short demand letter, typically within one business day of the claim. Once we’re in contact with the debtor, we work hard to find the reason behind the unpaid bills to continually improve our strategies for quicker future collections.
Generating and preparing accurate and timely financial records mean tight general ledger (GL) management. Using monthly reconciliation and reviews of key accounts, as well as providing and implementing all recommended changes, we create an accurate account of your general ledgers. Our process often includes opening/closing accounting periods, recording accounting activities for the period’s end, accruals, adjustments and closeout. We review and analyze the GL trial balance for abnormal and inappropriate balances or any discrepancies. If any are found, we take immediate actions to correct them. Early Growth’s experts also analyze trial balance relationships and develop controls to ensure the integrity of financial statement data.
Early Growth’s accounting services team makes sure you avoid discrepancies, errors or fraud by tightly reconciling your bank statement to confirm that your transactions align with your balance sheet.
We deliver an accurate assessment of how your spending and revenue generation meet the financial forecasting projections to identify where you are over or under budget, if you can hire additional employees, or shine light on a gross profit margin that’s not line with expectations.
Stay informed on the health of your business with our detailed financial reporting, including income statements and balance sheets, so you’re aware of transactions, cash flow and reconciliations.
For decades, startups have had limited options for accounting software. Now there are a myriad of software platform solutions tailored to startups. We can work with your current software platforms or help you find new ones that are perfect for your business. We then integrate them into our customizable Company Command Center that deliers critical information from across your business right at your fingertips.
We provide you with tool alerts about upcoming requirements so you never miss mandatory business compliance filings. Submitting paperwork is as easy as clicking a button. If you’ve already taken care of a filing, easily dismiss alerts with a click.
We ensure filings are filed on time, accurately and conform with legal requirements.
Our tax processing professionals oversee all aspects of federal taxes, including getting the best deductions to preparing forms and schedules to quick and easy filing. Our tax experts also file your state taxes and ensure all forms and schedules comply with state specific regulations. Our sales tax services assist you in state tax laws too, including which offerings are eligible and how to implement sales tax so your business stays compliant with local regulations.
Early Growth can save time and eliminate frustration by identifying, optimizing, and automating information flow across invoicing, accounts receivable, banks and other information sources. The result is increased accuracy and reduced time so you can focus on growing your business.
Once we have created an optimized collection of platforms and procedures, we work to make sure everything is working together, seamlessly, so your responsibilities are as minimal as possible.
Once all workflows are up and running, we develop an instructional information guide that enables anyone new to hit the ground running.
“The financial reporting, whether to the government and the taxes we pay or other concerns, was taking away from the innovation of the product and being able to help our customers. Having Early Growth take on that function allowed us to not worry about that, so we could focus on the most important thing, our customers.”
Max Spiegel
COO of Student Loan Hero
“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
“I knew Early Growth had experience working with startups. They understood what we should look out for and helped us plan ahead… Our Early Growth CFO is not just doing the financials, they’re an advisor to our company.”
Nanxi Liu
CEO of Enplug
“In addition to giving us things that are crucial to our financial health, Early Growth has been an instrumental strategic partner in our overall success. Their introductions to key people, ranging from intellectual property law firms to fundraising sources and other resources, have been integral in achieving our milestones.”
Steve Yoskowitz
Co-founder of Joinesty
“I am confident that without Early Growth we never would have raised the capital that we have. They were pivotal to our work with the VC community and, even more importantly, they taught us how to think strategically in order to achieve our goals.”
John Bissell
Co-founder of Origin Materials
“Early Growth has been instrumental in our success. We’d be lost without them. When we had a small team and a small workload, we were self-managing, but then we began taking orders and adding new operating costs. It was evident that we needed to bring on a financial team.”
Andrew Ochoa
CEO of Waverly Labs
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