Did you just start a new business? Although it may be tempting to try to work on the financials yourself, an accounting firm can help set your business up for success. They can give you the tools you need to make smart financial decisions from the very start. Here are three reasons why your startup needs an accounting firm.
Accounting Firms Can Help
You Prepare For Raising Money From Banks And Investors
If you are thinking about raising venture capital or possible approaching a bank for a line of credit or business loan, it’s important to have your financial information in order. Your accountant can prepare your documents and give potential investors and institutional lenders detailed information about your company’s financial health. They may also be able to help prepare you for important meetings.
Accounting Firms Can Provide Strategic Business Advice
A professional accounting firm typically has highly knowledgeable staff who have years of experience working with different startups. As a result, they can offer wise strategic advice after reviewing your company’s finances. Their insight can save you lots of money and prevent future problems from developing in the future.
Accounting Firms Can Give You The Opportunity To Focus On Your Business
As a startup founder, you constantly have to juggle multiple roles and responsibilities at once. When you outsource your company’s accounting work it can give you the freedom to focus on your core business.
Please contact us today by email or call (510) 754-2197 to schedule a consultation. Our company, Astute Tax & Accounting Services, provides professional payroll, tax, accounting and business consulting services for startups.