Startup Accounting Services, Tax & CFO Support

In the heart of Los Angeles’ bustling startup ecosystem, our accounting firm emerges as a leading choice for businesses seeking the best CPA near me. From Silicon Beach, to Downtown LA, to the Arts District, we bring CARES Act a wealth of local expertise essential for startups navigating the complexities of venture capital funding and financial growth. Our deep understanding of the Los Angeles VC market, coupled with our comprehensive accounting services, positions us as the ideal “near me” partner for startups looking to scale quickly and efficiently. We specialize in providing tailored financial solutions that include advanced tax strategies, meticulous financial reporting, and proactive cash flow management, all crucial for the success of LA-based startups.

Tariffs are hitting everything—Even your business funding

Even though this method of accounting is more complicated, it’s better for large businesses and SaaS businesses with subscription-based income. Getting the books right for a SaaS business is surprisingly challenging. The biggest issue we see with clients that come to Kruze from another bookkeeper is serious mistakes with revenue recognition and deferred revenue – especially from “bot” bookkeepers and from non-SaaS accountants. Because of the way revenue transactions recur in a subscription business, small errors can become big problems if not caught early – including having to restate the balance sheet and income statement.

• Generally Accepted Accounting Principles, or GAAP, are accounting rules, guidelines, and regulations to standardize business accounting methods across industries.
• With your finances in good hands, you can focus on scaling your startup and reaching the next milestone.
• Our team of finance experts has deep experience working with SaaS businesses (Zeni itself is a SaaS business!) and brings 100+ years of experience to your startup’s bookkeeping and accounting system.
• As a result, it sits among the best SaaS accounting software options.
• Bookings is the dollar amount of a signed contract with a customer – it shows written commitment from a customer to purchase your service.

SaaS Metrics Reporting & Analysis

You don’t get any more revenue from that client for the rest of the year. That really doesn’t reflect reality, because you still need to deliver that service for the rest of the year. With accrual accounting, you would recognize $10,000 of that revenue each month. That makes your income more accurate and predictable, and investors prefer to see that regular revenue.

Complex Revenue Recognition

Our clients span the typical “Silicon Valley” style business accounting and bookkeeping service for startups models and industry focuses, from SaaS to Hardware to Biotech to Crypto … well, you get the picture. As a remote-first company, with offices in several cities like Austin and NYC in addition to our California locations, we are able to take on clients anywhere in the United States. Our CFO Service offering provides the finance skills and technology you’re looking for. We carefully and proactively plan for what’s ahead to maximize your growth and ensure compliance. We deliver financial services that meet the unique needs and nuances of your business. Together, we’ll create a financial solution as exceptional as your vision.

Ex-Meta engineer raises $14M for Lace AI, a revenue generation software startup

• With our CFO services, you’ll have the financial clarity you need to scale your startup.
• Choose an advisor who “gets” early-stage, Silicon Valley-style businesses.
• Talent that has worked with hundreds of SaaS startups, at your fingertips.
• We offer cash flow management services to ensure you’re prepared for both day-to-day expenses and growth opportunities.
• Startups are more successful when they can accurately budget and plan for growth.
• By leveraging our expertise, you can focus on what you do best—growing your SaaS business—while we ensure your financial foundation is solid and primed for success.

Tax handling is an important aspect of financial management for SaaS businesses. SaaS companies must comply with tax laws and regulations in their jurisdictions, which can be complex and time-consuming. In addition, SaaS businesses must ensure that revenue recognition policies are consistent across all customers and subscription types.

Bootstrapped for 8 years, Xensam now has snapped up $40M for AI that manages software assets

We handle filings, reporting, and strategic tax planning to keep your business compliant and penalty-free. As an added bonus, you can use all of these tools (and more) to apply for flexible, interest-free funding through Founderpath. Just connect your accounting software, generate your Founderpath Score, and have funds wired to your account in as little as 24 hours. Once you know which accounting method you’re going to use, it’s time to choose an accounting software. Again, understanding revenue recognition can be tricky, so it’s best to consult an accountant before you make any decisions.

bookkeeping

The first step is differentiating between operating and capital expenses. This guide will help you understand the ins and outs of SaaS accounting so that you can make informed decisions about your company’s financial health. Generally Accepted Accounting Principles, or GAAP, is a set of accounting rules, guidelines, and regulations to standardize business accounting methods across industries. GAAP exists to create transparency and consistency in financial reporting from one organization to the next. Startup founders often don’t prioritize accounting when getting their business up and running. They’re more focused on creating a great product and building an all-star team.

Understanding Your Needs

There are “bandaid” accounting services that are more so quick fixes for short periods of time, and then there is Graphite…one of the few long term partners. Most of our clients work with us for years and years, and we take many through their exits, M&As, etc. You’ll never need to work with another startup accounting firm again. We handle everything from bookkeeping to CFO to modeling to tax and more. The customer, in this case, pays a license fee to access the software through a web browser. SAAS applications are popular, especially for startups, because they are easy to implement, easy to scale as the company grows, often cost less than traditional software, and updates are pushed out automatically.

However, the good part is that the right SaaS accounting software is purpose-built to handle the intricacies of modern business finance. What makes Odoo one of the best SaaS accounting software is its bookkeeping for cleaning business seamless integration with a wide range of apps across software categories like sales, HR, and productivity. The software prepares you for tax season by categorizing all transactions into CRA and IRS-approved categories.