Alright, let me level with you. When I first started my own business venture, I didn’t even think about hiring an accountant. Big mistake. I figured, “How hard can managing the books be? I’ve got this!”
Fast forward three months, and I was drowning in receipts, invoices, and spreadsheets that looked like they were written in ancient hieroglyphics. That’s when I realized—handling your startup’s finances is not something you should DIY. And that’s why I want to talk to you about the best accounting firms for startups.
These firms don’t just balance the books—they save your time, protect your cash flow, and give you peace of mind. Whether you’re running a bootstrapped operation or backed by venture capital, the right accounting firm can make all the difference. So let’s chat about finding the right fit for your startup and why this decision matters more than you might think.
Why Do You Need the Best Accounting Firms for Startups?
I get it. You’re all about scaling fast, hitting milestones, and making your startup the next big thing.
But without a solid financial foundation, your business might be running on fumes. Here’s where the best accounting firms for startups step in. They handle everything from tax filing to managing payroll and helping you with projections, so you can focus on what you do best—building your business.
How Do You Choose the Best Accounting Firm for Your Startup?
Choosing the right accounting firm isn’t like picking a coffee shop—there’s no one-size-fits-all. It’s about finding a partner who understands your needs, can scale with you, and brings the expertise to handle your growing financial demands.
- Understanding Your Stage of Growth: Some accounting firms specialize in early-stage startups, while others focus on scale-ups. Know where you stand and find a firm that aligns with your growth.
- Services You Need: Not all accounting firms offer the same services. Whether you need bookkeeping, tax advice, or a full-service CFO, make sure they can cover your specific needs.
- Industry Experience: Look for firms with experience in your industry. A firm that knows the ins and outs of your field will be able to provide tailored advice and navigate industry-specific challenges.
What Is the Best Accounting Firm in the US?
So, you’re asking, “Okay, but what’s the best accounting firm in the US for startups?” Well, that’s subjective, but I can tell you about some heavy hitters that are consistently praised for their quality service and deep expertise.
Pilot
Best known for its top-notch bookkeeping and tax services, Pilot is ideal for tech startups, especially those looking to scale quickly.
Early Growth
This firm is a go-to for early-stage companies, providing both CFO and accounting services with a focus on startups in their growth phase.
Bench
For startups looking for a tech-savvy solution, Bench offers automated bookkeeping with a real human accountant always ready to help. It’s an excellent fit for those looking to save time on the mundane stuff and focus on the fun.
Burkland
A favorite for high-growth startups, Burkland specializes in outsourced accounting services and CFO-level strategic advice.
Graphite Financial
This firm provides scalable accounting and finance solutions, offering everything from bookkeeping to complex tax planning, and is perfect for early-stage to mid-sized startups.
airCFO
airCFO specializes in fractional CFO services, helping startups manage their financial strategy and operations effectively. They’re especially helpful for businesses that need high-level financial expertise without a full-time commitment.
CFO Strategies
Focused on providing affordable, hands-on CFO services, CFO Strategies works with startups to help them navigate the financial complexities of growth, fundraising, and scaling.
Tidal Financial Solutions
Tidal specializes in outsourced accounting and bookkeeping, offering customized solutions for startups that need to stay lean but efficient in managing their finances.
KRUZ Accounting
A top choice for early-stage startups, KRUZ offers bookkeeping, accounting, and strategic financial advice that can help you establish solid financial practices from day one.
Sikich LLP
Known for their comprehensive services, Sikich offers everything from accounting and tax services to technology consulting, making them an excellent choice for startups with complex needs and multiple facets to their business.
Wipfli
Wipfli combines personalized accounting services with business advisory to help startups manage everything from their books to strategic financial decisions.
RSM US LLP
Specializing in mid-market businesses, RSM is a global leader in accounting services, providing tailored solutions for startups looking to scale and attract investors.
Armanino LLP
This firm provides a broad range of services from accounting to audit and consulting. Armanino is a great choice for startups looking for a solid accounting partner as they grow and scale.
Sage Intacct
Known for their cloud-based accounting software, Sage Intacct also provides accounting services that integrate seamlessly with financial tools, making it ideal for tech-savvy startups.
Tanner LLC
Based in Utah, Tanner LLC offers a full suite of accounting services, from auditing and tax services to outsourced CFO support, ideal for high-growth startups.
These firms are top-rated for their ability to serve the unique needs of startups, offering everything from bookkeeping and tax filing to strategic CFO services.
Whether you’re just starting or scaling rapidly, one of these firms could be your perfect partner for financial growth and success.
What is the Best Accounting Method for Startups?
When it comes to startups, cash flow is your lifeblood. That’s why selecting the right accounting method is key to managing your funds and staying on track. There are two primary accounting methods for startups:
- Cash-Basis Accounting: This is the method where you record income and expenses when they actually happen. For example, if you receive an invoice and pay it next month, it’s recorded in the month you pay. It’s simpler and works great for smaller, less complex businesses.
- Accrual Accounting: Under this method, you record income when it’s earned and expenses when they’re incurred, regardless of when cash changes hands. This method gives you a better view of your financial health, especially as you grow and deal with more complicated transactions. Many VC-backed startups prefer this method because it provides a clearer picture of profits and liabilities.
What Are Tier 4 Accounting Firms?
Tier 4 accounting firms might not be the big names like Deloitte or PwC, but they’re crucial to understand, especially for startups.
These firms are typically smaller, with a more specialized focus. They can offer a higher level of personalized service at a fraction of the cost of the larger firms.
Some examples of Tier 4 firms include:
- KRUZ Accounting
- CFO Strategies
- Tidal Finance Solutions
They’re great for startups that need expert advice without the sticker shock of a big-name firm.
How to Make the Most of the Best Accounting Firms for Startups
So you’ve chosen your dream accounting firm, now what? Here’s how to really make the most of that partnership and leverage their expertise:
- Be Transparent: Your accountant can only help you if they have a full picture of your financial situation. Share all your revenue streams, expenses, and growth projections. The more they know, the better they can advise you.
- Use Their Expertise: Don’t just treat them as a number-cruncher. Lean on them for advice on budgeting, forecasting, and tax planning. Their insights can help you avoid costly mistakes and set your business up for long-term success.
- Regular Check-Ins: Set up quarterly meetings with your accounting team to review financial reports. This will give you a chance to adjust course if needed and ensure everything is running smoothly.
- Automate What You Can: Use tools and apps recommended by your accounting firm to automate repetitive tasks, like invoicing, receipts, or payroll. This will save you time and reduce human error.
FAQs
1. What Are the Top Accounting AI Startups?
AI is revolutionizing the accounting world, and there are some cool startups in this space. Firms like Botkeeper use artificial intelligence to automate bookkeeping tasks. This saves startups loads of time and ensures greater accuracy in their financial records.
2. How Much Do Accounting Services Cost for Startups?
The cost of accounting services varies depending on the complexity of your business. On average, you can expect to pay anywhere from $500 to $3,000 per month for a full-service accounting firm, with larger firms typically costing more. It’s important to factor in this cost as part of your operational budget.
3. How Do I Know When I Need an Accountant?
If you’re still doing your own books, it might be time to hand it over to the experts once you hit $100k in revenue or start dealing with investors. An accountant can help you streamline your processes, avoid tax mistakes, and prepare for audits or fundraising.
Final Scoop Before You Jump In
Here’s my last nugget of wisdom before you make the leap: Having a solid accounting partner isn’t just about surviving the tax season. It’s about laying a strong financial foundation so you can scale with confidence.
Trust me, investing in the best accounting firms for startups early on will save you headaches down the road. You’ll have more time to focus on what you love—growing your business.
Now, go out there and build the empire you’ve always dreamed of. And remember, when it comes to your startup’s finances, don’t wing it—get a pro to help you soar.
