11 Best Accounting Firms for Startups: Why Are They Important? 

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 

There is something new in tax laws every year. As a result, small business owners and average citizens face new problems with financial decisions and taxation. For instance, they might face the dilemma of either selling an investment property or claiming a tax deduction for their home office.

In this case, choosing an accounting firm is the best option. This is because they stay up-to-date with tax laws. Moreover, they also offer financial advice to small businesses. Furthermore, you will also get guidance on developing budgets and setting financial goals for your business.

Nowadays, many accounting firms use tax software to structure the accounts process. As a result, the accounting information is easily accessible.

Best Accounting Firms for Startups: Criteria for Selection

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

Generally, accounting firms that offer financial services to small businesses are professionals. Mostly, they consist of Certified Public Accountants (CPAs). These accountants have the necessary experience and knowledge to help owners navigate through financial records. However, some accountants are not CPAs.

Apart from that, these accountants can work monthly, quarterly, or annually – depending on the needs of the business. On the other hand, when it comes to larger companies, they keep accountants on staff (that is, full-time). However, small businesses hire accountants on a contract basis.

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. 

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. 

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. 

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. 

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. 

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. 

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. 

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. 

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.  

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. 

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. 

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. 

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