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Startup Accounting

Clear numbers for new businesses, so every dollar goes where it should.

Two co-founders reviewing a printed budget at a shared workspace table

Service

The Financial Foundation for a Growing Business

A startup runs on a tight budget. Every dollar has to count, and every decision about where to spend one depends on knowing where the business stands.

Startup accounting gives you that knowledge. Accurate records track revenue, expenses and cash flow, show where costs can come down and profitability can rise, and give you a clear picture of your financial performance.

With that picture, you can decide how to allocate resources, when to scale operations and how to grow your customer base and revenue. It also builds the credibility a growing business needs with the people who may invest in it.

What We Do

How Startup Accounting Helps Your Business Grow

Financial Management

We keep track of your revenue, expenses and cash flow, and turn them into accurate financial reports. With those reports you can identify where to cut costs, allocate resources more efficiently and reinvest profits into the business.

Budgeting & Forecasting

We help you create a budget and forecast financial performance. Planning ahead lets you anticipate financial needs and plan investments and expenditures more effectively.

Tax Planning

Effective tax planning helps you avoid unexpected tax liabilities and frees up cash flow to invest back into the business. We help you stay in compliance with tax regulations and take advantage of deductions and credits. See also our tax services.

Investor Relations

Startups often need outside funding to grow. We help you prepare the financial statements and reports potential investors will want to see, which helps build credibility with them.

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How We Work

How a Startup Engagement Runs

  1. Get Oriented

    We learn about the business, its stage, its budget and what you are planning next.

  2. Set Up Your Records

    We put accurate tracking of revenue, expenses and cash flow in place from the start.

  3. Budget & Forecast

    We build a budget and a forecast so you can anticipate needs and plan spending.

  4. Report & Plan

    We provide the reports that guide your decisions and prepare the statements investors will want to see.

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Why Corvinus

Why Corvinus Business Solutions

CPA Experience

Corvinus is led by its owner, a CPA whose background includes Financial Controller and Director of Financial Reporting experience.

From Formation Onward

We also offer business formation, bookkeeping, payroll and tax services, so a new business can build its financial foundation in one place.

Every Dollar Accounted For

Accurate records show where money goes, which is what a business on a tight budget needs most.

FAQ

Frequently Asked Questions

Startup accounting is accounting shaped around the needs of a new business. It gives you a clear understanding of your financial performance, so you can make informed decisions about how to allocate resources and invest in growth. In practice it covers four areas: financial management, meaning revenue, expense and cash flow tracking with accurate reports; budgeting and forecasting; tax planning; and investor relations, meaning the financial statements and reports that potential investors will want to see.

Because startups often operate on tight budgets and need to make the most of every dollar they spend. Accurate accounting records show where money is going, where costs can be reduced and where profitability can be improved. They also show when the business is ready to scale its operations, expand its customer base or increase revenue. Without that information, decisions are made on instinct. With it, they are made on facts.

The earlier the better. Setting up accurate records from the beginning is far easier than reconstructing them later, and a system designed early can grow with the business. Early accounting also means budgeting, forecasting and tax planning are in place before the decisions that depend on them. If you have not yet formed the business, our business formation services cover incorporation, registration and tax identification numbers, and we can move straight on to accounting from there.

At a minimum, revenue, expenses and cash flow. Those three figures tell you whether the business is growing, what it costs to run and whether it has the cash it needs to keep going. Tracked accurately and consistently, they become the financial reports that show where to cut costs, how to allocate resources more efficiently and when to reinvest profits. As the business grows, reporting can expand to cover the other measures you use to run it.

A budget sets out what the business plans to earn and spend. A forecast projects how it is likely to perform. Together they let you anticipate financial needs before they arrive and plan investments and expenditures more effectively. For a startup, that can be the difference between growth that is planned and growth that runs short of cash. As actual results come in, comparing them with the budget shows where the plan needs adjusting.

Effective tax planning helps you avoid unexpected tax liabilities, which frees up cash flow to invest back into the business. It also helps ensure the business is in compliance with tax regulations from the start and takes advantage of the deductions and credits available to it. Tax planning depends on each business's circumstances, so we look at your own situation rather than offering general answers. Our tax services page describes preparation, planning and advisory in more detail.

Yes. Startups often need to seek external funding to fuel growth, and potential investors will want to see financial statements and reports that show how the business is performing. We help you prepare them. Clear, accurate financials help you build credibility with investors and support the case you are making for the business. Where the funding effort also needs a broader growth strategy, our advisory services can help with that side.

Startup accounting is designed for businesses at exactly that stage. The work is scaled to the business: a new company with a handful of transactions needs accurate records, a budget and a sense of its tax obligations, not an elaborate system. What matters is that the foundations are right, because the decisions you make early on are made on the numbers you have. We shape the work around where the business is today.

Bookkeeping is the day-to-day recording of transactions and reconciliations. Startup accounting uses those records to support the decisions a new business faces: how to allocate resources, how to budget and forecast, how to plan for taxes and how to present the business to investors. Both are needed, and they work together. Our bookkeeping page describes the recording and reconciliation work that keeps the numbers accurate.

Start by requesting a consultation. We will ask about your business, what stage it is at, how its records are kept today and what you are planning next, whether that is growth, new funding or simply getting organized. From there we agree which parts of startup accounting to put in place first. You can also reach us through our contact page with any questions before you decide.

Have a question we did not cover? Contact us.

Build Your Business on Clear Numbers

Tell us where your business is today and what you are planning next.

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