Accounting for startups
It’s never too early or too late to invest in accounting for startups. We believe everyone should work in their own space of genius, and our growth-minded team will give you back the time you need to keep growing in the right direction.
Ready to scale up your startup?
It might seem like a big investment, but outsourcing your finance function will cost you less than a dedicated staffer running in-house accounting for startups. Plus, outsourcing gives you access to more intellectual capital with multiple minds working on your account.
We offer the kind of accounting advice for startups that only comes from experience. We know the startup grind is tough – and that’s because we’ve been there.
We understand how crucial it is to get your compliance right from the very beginning (and how costly mistakes are to fix down the road). As startup tax accountants, we’ll help you with everything from share transactions to company incorporation.
Our growth-minded team can help you plan for future scenarios, manage cash flow and develop financial models that’ll see you thrive. We’re driven to get your venture off the ground.
How we can help
As your startup accountant, we function as an extension of your team, and we’re just as invested in your success as you are. We’ll help you plan for the business you want and customise our services to support dreams of any size.
Management reporting
Data gives you the big picture you need to make major business decisions. If you need to create forecasts for potential investors, or you’re looking at the impact of taking out a loan, outsourced accounting for startups can help.
Monthly and quarterly management accounting reports- Weekly debtors and creditor reports
- Sophisticated management reporting tools
Customised dashboards
Whether you’re a pre-revenue startup or an established operation, we provide the right reporting solutions for your business. We design and build tailored business intelligence (BI) dashboards and produce reports to help you define and hit your targets.
- Custom accounting dashboards
- Timely data for faster decision making
- Tracking data against your goals
- Increasing the accessibility of your numbers
Cash flow management and forecasting models
For startups, cash flow management is essential for both your survival and growth. Using timely analysis, we prepare cash flow forecasts for startup businesses that help you plan for any scenario.
- Customised cash flow reports
- Cash flow and budget forecasting
- Annual budget preparation
- Goal setting
- Exit planning
Compliance
Sick of spending hours wading through jargon-heavy government websites? As experts in accounting for startups, we’ll make sure you’re structured in a way that allows your business to flourish, and register your company with all the necessary government systems.
- Company incorporations
- Appointments and resignations
- Share transfers
Our pricing promise
We’re passionate about helping startups grow and scale, and we’ll make sure you’ve got the right service package to succeed. No matter the size of your company, we can provide continual support along your journey.
Early Stage
Want to make sure you're on the best path? We'll fortify your foundations to help you grow in the right direction.
- Compliance
- Annual tax and financial statements
- Quarterly BAS lodgement
- ASIC management
- Finance Function
- Up to 50 transactions per month
- Up to 25 supplier invoices per month
- Monthly payroll for up to 2 employees
- Need business advice?
- Explore our advisory services >
Developing
Gearing up for growth? We'll operate like an extension of your established team.
- Compliance
- Annual tax and financial statements
- Quarterly BAS lodgement
- ASIC management
- Monthly IAS lodgement
- Finance Function
- Up to 100 transactions per month
- Up to 50 supplier invoices per month
- Fortnightly payroll for up to 15 employees
- Manage supplier payments
- Advisory
- Monthly cash flow management
- Monthly management reporting
- Quarterly finance meetings
- Annual budget management
Scaling
Navigating rapid expansion? We’ll deliver the expert insights you need to tackle any challenges.
- Compliance
- Annual tax and financial statements
- Quarterly BAS lodgement
- ASIC management
- Monthly IAS lodgement
- Finance Function
- Up to 200 transactions per month
- Up to 50 supplier invoices per month
- Fortnightly payroll for up to 25 employees
- Manage supplier payments
- Payroll tax managment
- Advisory
- Fortnightly finance and cash flow catchups
- Custom dashboards integrated with existing systems
- Custom board packs and optional board meeting attendance
- Annual budget management
*All prices include phone and email support for small queries, and exclude GST
Got an amazing idea for a new business?
We’ve compiled a guide with everything you need to know about accounting for new businesses. You’ll learn how to:
- Get your business started
- Choose the right company structure
- Budget for your startup costs
- Stay compliant
- Plus, you’ll get access to our list of the latest tech, tools and apps to help streamline your new business (and make it look great, too).
Your startup knowledge hub
We love a startup story: The emotional rollercoaster, the success stories, and the mindset you need to get through it all. Our knowledge hub will give you valuable insights into accounting for startups to bolster your business.
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Make the 2024 financial year your best yet with our expert tips for reviewing and reflecting on your business’ strategy plan, processes, systems and structure.
How you price your product is one of the most impactful decisions you’ll make as a business owner – but would you base your pricing decisions on a vibe?
Why choose Xero? Xero accounting software features are intuitive, secure and streamline business finances.
FAQs
Need more accounting advice for startups? Give us a call or send an email – we’ll take any excuse to talk growth.
What is the difference between a startup and a small business?
The difference between a startup and a small business is their goals. A startup is typically seeking rapid expansion, while a small business mightn’t want to scale up at all. Startups are merely businesses in the first stages of their journey – but with very big dreams.
How can I fund my startup business?
Depending on your business structure and product, you can fund your startup through business loans, capital investors, grants or crowdfunding. We’ll evaluate the pros and cons of each finance option and help you decide on the best way to raise capital that won’t see you lose too much equity too soon. Find out how we helped a startup get grant funding here.
Do startups need accountants?
For startups, accounting services are essential for growth. By outsourcing your finance function to a professional, a startup accountant will give you the insights you need to do everything from share transactions to making data-driven business decisions.
Bonus: Nearly all running costs can be deducted from profits at tax time. Even though some startups aren’t profitable for up to two years, you can deduct outsourced accounting for startups from future profits to lessen tax burdens while you grow.
How long is a business considered a startup?
A company is considered a startup for up to three to five years, or until they’ve reached a certain set of metrics proposed by Techcrunch editor-in-chief Alex Wilhelm. His 50-100-500 rule excludes your business from being a startup if your revenue hits more than $50 million, you have 100 or more employees, or a business value of $500 million+.
Get in touch
We love to learn about what makes founders tick, and we’re keen to hear about your startup journey. Call us, send an email, or book a time to chat about what outsourced accounting for startups could do for your growth.
