Accounting Management & Growth Plans for Startup Businesses
The accounting methods and systems at CFO Services Group are designed to help all businesses grow and succeed. We are familiar with the particular various accounting needs that Startups face. Proper accounting systems are essential to the foundation of the health of your business. Additionally, producing accurate reports and forecasts for your investors can be critical in attracting future capitol.
According to CB Insights, one of the top reasons startups fail involves using improper accounting and cash flow practices.
Set your startup up for success by engaging with CFO Services Group.
Virtual CFO Services
Our senior CFO team at CFO Services Group was designed to be agile. We utilize our proprietary “CFO Diagnostic Checklist” that is designed to quickly get our team up to speed with your startups' financial situation and make data-informed recommendations. We can help with budgeting, forecasts and annual report development with the right financial narrative to discuss with your investors.
We have DIY and managed bookkeeping solutions to help your business keep accurate records of your financial transactions. Keeping accurate accounting records is critical for startups to succeed. Our team can help you evaluate and classify your assets, liabilities, and equity and produce monthly and annual profit and loss balance sheets. See our blog on The Importance of Diversifying Revenue.
Accounting can get complicated once you have employees and sub-contractors working for your startup. There are also many legal requirements to payroll that you must comply with regarding employees and contractors. Proper financial projections can ensure you have enough cash to cover payroll. Our expert accounting specialists can also recommend additional ways to cover payroll if your startup gets into a cash flow problem. See our blog on Secure Credit to Cover Payroll.