We Know Startup Finances
No matter your outsourced accounting needs, our team uses a customized approach tailored to your industry and proven to deliver results.
Of Financial Experience
We can shorten the time for them, so they can focus on what they do best."
— Paul Meyer, Consulting CFO
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.
Our Leadership Team
Frequently Asked Questions
We offer a range of monthly and day-to-day financial management including month-end reporting, accounts payable and receivable, monthly financial close, GAAP financial statements and monthly management reports. Our goal is to offer transparent reporting so you can run your business with financial knowledge of cash burn rate. Understanding your burn out rate as a startup is critical as you will need to track your monthly expenses before you begin generating income. It is essentially the amount of time a startup has before it runs out of cash. When you outsource financial services, you will avoid common pitfalls many startups have to deal with because of poor financial management.
Many small companies, startups and entrepreneurs do not have the financial ability to hire a full-time accountant. Therefore, they rely on outsourced accounting services until they can employ a full-time accountant on their team. Many companies continue to outsource financial services even when they hire an internal team, depending on their needs.
Outsourced accounting services include all the services of an accounting department. Some of these are:
- Daily transactions coding
- Accounts payable/receivable
- Financial reporting
- Tax accounting
- Financial controller services
Outsourcing your company’s accounting services can have many benefits.
- Save Money
Many businesses choose to outsource because it makes more sense financially than having a full-time accountant on the team. A company can save a considerable amount of money by choosing to outsource, depending on their needs. Early Growth provides uncompromising quality accounting services, helping all of our clients save time and money.
- Reduce Costs Associated with the Hiring Process
The process of hiring new employees can be time consuming and expensive. Running ads, sorting through hundreds of resumes, holding interviews, and dealing with indecision can take valuable time away from other important daily activities. When a company hires an employee, several factors need to be taken into consideration. When working with an outsourced accounting service, you become the client, and the entire dynamic changes.
- Access to Experts
You will have an opportunity to hire professionals with a higher level of expertise for a lower price (since these professionals will only work on your company as needed).
- Minimize Your Overhead
The fewer people you have full-time in your office, the less space you need. As the world is adjusting to the preferred option of working remotely, outsourcing your company’s financial needs is in line with the current trends.
- Minimize Fraudulent Activity
Fraudulent activity can happen easier when only one person is doing a particular task. In many startups and SMEs, the accounting department is restricted to one employee being in charge. This can result in the manipulation of accounting information and losses for the company. On the contrary, when working with an outsourced team, you have multiple sets of eyes on your company’s reports and transactions.
Most early-stage startups begin with someone who handles the basic accounting, but when you are ready to grow and scale having a CFO on your team is important. Early Growth CFOs will bring years of experience and expertise working in the startup ecosystem, their network, insight and guidance. Early Growth is the perfect solution for early-stage companies who aren’t quite ready to hire a full-time CFO, but they need someone who has years of experience.
Our goal is to help you grow to the next level of your company whether that means expanding your team, improving your product or raising a round of funding. We can help you. Having an outsourced finance department will allow you to focus on product development and market penetration without worrying about the daily financially administrative tasks. In other words, you gain peace of mind and time that you can use to complete other vital tasks.
Having an outsourced accounting services expert on your team is vital to the growth of your business. If you’ve been filing your own taxes, using cash over accrual, or haven’t even set up a bank account, it’s time to get organized and put systems in place that will allow you to understand your financials better. Knowing where you stand will inform you of where you are going and the steps you need to take to get there.
Startups or young companies might not need a full-time accountant on board at the beginning. However, it is best to start collaborating with outsource accounting services as soon as you launch. By placing the right people in the right positions immediately, you avoid a backlog and other potential issues.
Early Growth has worked with companies in many different industries. Some of our clients are CrunchBase, Stitch Fix, credit karma, Quip and more. It’s exciting to work with emerging and innovative startups that are changing the world.
To get started, please fill out the form on this page. You will need to fill out a short form with your information, including a summary of your current financial/accounting pain points. This information will be used by our team to assign the best consultant to answer your questions.
If you still need more information before proceeding you can browse our startup resource materials.