Table Of Contents
11 Best Accounting Firms For Startups: A Comprehensive Guide (2024)
Last Updated on: July 19th, 2024
When you are looking for an accounting firm for your small business, you must consider factors like industry experience and extensive knowledge.
However, with so many accounting firms in the United States. It can sometimes be overwhelming to choose which one to choose for your business. In this article, you will come across some of the best accounting firms for startups.
Once you go through this list, you will have a better idea of which one to choose for your business. However, before you choose the right accounting firm for your business, it is important to evaluate the firm’s services.
In addition, you also need to make sure that the services of the accounting firm align well with the needs and demands of your business. Hence, to learn more about choosing the best accounting firms for startups, read on to the end of the article.
Best Accounting Firms For Startups: A General Overview
According to Small Business Chron, “Every year legislators twist and tweak tax laws, leaving the average citizen scratching his head when faced with financial decisions such as selling an investment property or claiming a tax deduction for a home office. Accounting firms stay abreast of the new tax laws, and many offer financial advice and help individuals and small businesses develop budgets and set financial goals.”
The best accounting firms for startups come with industry-specific knowledge and deep expertise. Hence, while choosing an accounting firm, you mandatorily need to consider these factors.
The following are some of the major aspects you need to consider while choosing the best accounting firms for startups:
- Make sure that the firm and its experts fully understand the industry’s unique requirements.
- The firm must have enough knowledge of the regulations and compliance standards of the industry.
- Make sure that the accounting firm has a good reputation, even if your budget is low. Here, you can check client testimonials, reviews, and industry accolades.
- The firm needs to have experience assisting businesses of similar size and complexity.
- An accounting firm with relevant certifications like Certified Public Accountant (CPA) is always welcome.
- The firm also needs to ensure compliance with professional standards and quality assurance.
- Evaluate the experience and qualifications of the professionals of the accounting firm.
- Assess whether the firm can utilize the resources in accordance with the business’s needs and demands.
- Then, we can also provide additional services and guidance like how to get a startup business loan with no money, how to choose the best startup business insurance, etc.
Here Are The Best Accounting Firms For Startups
According to the Forbes Advisor, “Small business accountants are professionals, often Certified Public Accountants (CPAs), who have the experience and knowledge to help owners navigate through their financial records. Depending on the size and needs of the business, these accountants may work monthly, quarterly, or annually. While larger companies often keep accountants on staff, small businesses typically contract with an accounting firm.”
When you are choosing the best accounting firms for your startup, it is better to consider the ones that offer not only prompt services but also competitive pricing. Here, you must choose a service that offers you accounting solutions quickly and easily.
The following are the best accounting firms you can check out to manage the accounting processes of your startup:
1. Indinero
Although Indinero’s base plan can be a bit more expensive than other accounting firms, it is still a better option since you will get a wide range of accounting services. This will help you save time and money. As a startup, the best plan to choose is the Essential plan.
| Pros | Cons |
|---|---|
|
|
2. QuickBooks Live
With just $200 per month, QuickBooks can offer you cleanup bookkeeping services for your first months. Also, for the later months, they will upkeep your books. Hence, it is one of the best options for startup owners.
| Pros | Cons |
|---|---|
|
|
3. 1-800Accountant
If you want high-end service at a low cost, this is it. By spending around $140 (approx) per month, you can get access to a dedicated accountant.
Furthermore, you will also get detailed monthly reports. Additionally, this company also offers you invoices and financial reports on request.
| Pros | Cons |
|---|---|
|
|
4. Botkeeper
Botkeeper offers services to automate your bookkeeping tasks. Hence, you can focus on providing more value to your clients. Furthermore, it also comes with features for better communication.
| Pros | Cons |
|---|---|
|
|
5. Paro
Choosing Paro is the best option for you If your business focuses on creating direct business relationships. Furthermore, if you want to hire a freelance accountant, it is a great option to choose.
| Pros | Cons |
|---|---|
|
|
6. Ignite Spot Accounting
They come with CPA-certified bookkeepers, and hence, you will get expert-level services from this firm. Furthermore, it also comes with automation features, balance sheet production, Gusto payroll processing, accuracy checks, income statements, and transaction databases.
| Pros | Cons |
|---|---|
|
|
7. Bench Accounting
This is one of the best accounting firms for startups that offers personalized services with the help of in-house professionals.
Within the basic subscription, the company offers you a wide range of bookkeeping functions, and they also prepare monthly financial statements.
| Pros | Cons |
|---|---|
|
|
8. Bookkeeper 360
The best feature of Bookkeeper 360 is integration, as it integrates well with other third-party tools. Hence, it is easy to have your accounting and bookkeeping data in one place. Furthermore, they also offer you full-spectrum bookkeeping.
| Pros | Cons |
|---|---|
|
|
9. Pilot
You will get a dedicated bookkeeper as the account manager of your startup. They also offer integration of your software and business processes with QuickBooks. Thereby, you will also receive monthly reports, balance sheets, P/L statements, and more.
| Pros | Cons |
|---|---|
|
|
10. FinancePal
Offers all-in-one bookkeeping services as well as financial statements and tax filing. Hence, it is ideal for startups that are brand new in the industry.
| Pros | Cons |
|---|---|
|
|
11. Bookkeeper.com
If you want a small plan for your startup with good online support, then Bookkeeper.com is the right option for you.
| Pros | Cons |
|---|---|
|
|
Wrapping Up
You can see from the tables that the pricing and offerings of the best accounting firms for startups widely vary. Hence, you need to understand your accounting needs carefully and choose the one that suits you the best.
However, it is evident from the article that choosing an accounting firm for your business is still a better option than hiring a professional separately.
Do you have more information to offer about the best accounting firms for your business? Please share your information in the comments section below.
Read Also:
