VIRTUAL ACCOUNTING FOR VENTURE CAPITAL STARTUPS

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A Solution That Leverages Technology

We don’t need to tell you that it’s not easy to get a startup off the ground. Particularly in the early stages of your company’s growth, there are a lot of pieces of the puzzle that you’ve got to get to fit together in just the right way.

You’ve got a relatively short period of time to produce impressive results, and that means refining your product offerings and proving yourself to your investors.

Unfortunately, no matter how high-tech your business is, you’re going to be faced with many of the same challenges that plague any business owner. You’ve got an office to manage, staff to coordinate, complete with payroll and benefits, and you’ve got bills to pay all the while. All of these take your energy and resources away from your primary goal, which is to get your startup up and rolling.

In order to lighten their burden and overhead, many startups are turning to outsourcing key aspects of their business operations. At this stage of the game, it often makes sense to have functions that aren’t part of your core competencies handled by third-party providers. This frees up your internal resources, and enables your leadership to focus on developing the aspects of your business that will set you above your competition. And it gives you the comfort level that these essential tasks, like payroll, are being managed by seasoned professionals.

Accounting is certainly one of the functions that you don’t need to get bogged down in when you really need to focus on rapid growth and development. However, you simply can’t afford to overlook these vital functions either. You’ll need to employ solid accounting practices, as well as perform accurate reporting, budgeting, and forecasting, to keep things running smoothly, and stay on the cutting edge of your industry. So why not leave the accounting matters to an expert team, and employ a solution that leverages technology?

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A Virtual Team That's Always Working For You

Keeping Your Balance is the best outsourced accounting solution available to business owners like you. We’ll provide you with a virtual team of accounting experts who will manage your bookkeeping off site, without the expense or hassle of hiring a bookkeeper or accountant in-house. There will always be a team in place, and you won’t need to manage or supervise them.

We’ll start by asking you a lot of questions about how you run things. We need to know all of the subtleties that are unique to your business, so that we can come up with a customized solution designed to meet your specific needs. 

Then we’ll do a thorough review of your books, your systems, and any other items that will show us your day to day operations. This allows us to get a snapshot of your current processes, as well as the details of your present financial situation. At this point, we’ll do a free assessment which includes recommendations on ways to move forward.

Only then will we design a solution that’s tailored to your own business, specifically structured to streamline your processes, and free up your time, attention, and resources for the vital functions of running your shop.

This solution will not only be custom-made for you, but it will also provide you with a full spectrum of all of the services you need to be up to date and on top of your chart of accounts and ledgers. Everything will be managed by your virtual accounting department in the cloud so that you can concentrate of the vital tasks of running and growing your business.

Entrenched as we are in the Bay Area, KYB has extensive experience working with venture capital startups in all stages of growth. We understand what you need to accomplish, and have developed processes to help you attain your goals.

We know how important it is for you to have impeccable, up to date, bookkeeping. We’ll manage your books on an accrual basis, and close them out monthly. We’ll produce accurate financials that you can count on, to show your investors.

Because outsourcing your accounting to us gives you access to our full team of professionals, you can always rest assured that additional staff will be available as soon as you need them. Your virtual accounting department will scale with you as your company grows. You don’t need to worry about having to find another solution as your company expands and revenue is introduced into the equation. KYB will manage your payroll to get that vital function off your plate. We’ll also manage your cash flow, and give you essential insight into runway and burn rate. 

Because the virtual team is always working for you, you’ll never again need to wait until your next visit from the bookkeeper, when needs or questions arise. You’ll have the benefit of real-time access to a full team of professionals who are assigned to your books. It’s too risky to put all your eggs in one basket by relying on a sole bookkeeper to handle everything. A simple sick day can become a major setback. Having your only bookkeeper leave the job can bring things to a screeching halt, and force you to take over the books again, until you can find, hire, and train a new person. With a virtual accountant, there’s always backup staff in place, which protects you from absences and turnover.

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The services we provide include:

  • Bookkeeping & Accounting (sales receipts, accounts receivable, accounts payable, bank reconciliations, etc.)
  • Inventory control
  • 1099 tracking, processing and control
  • Budget creation and updates
  • Payroll processing and management
  • 401K deductions and processing
  • Benefits management
  • Financial reporting including real time cash flow status
  • Review of your vendor bills
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Tech Startup Accounting Experts

When it comes to your livelihood and your business growth, trust your books to an industry expert. KYB has been serving high tech companies since 2005. We are your “virtual accounting department” and as such will keep tight control of your finances. All of your sensitive information will be stored on highly secure servers to protect your confidentiality and shield your data from hackers.

We’ll manage every aspect of the accounting and bookkeeping process for you, including services like bookkeeping, payroll, inventory, policies & practices, budget analysis & creation, financial reporting, 3rd party software management and integration.

Why not set up a free accounting assessment, to see how outsourcing your accounting to KYB can improve your processes, save you time and money, and help your business grow? Our accounting professionals will be happy to propose a solution that’s ideal for your business.

DOWNLOAD OUR FREE RESOURCES

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The Benefits of Outsourcing Your Accounting vs. Managing it In-House

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9 Reasons A Virtual Accountant Is Better For Your Business

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Why Cloud Based Accounting Is A Better Way To Go

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How To Hire A Full Service Accountant For Your Small Business

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Set Up Your Free Consultation – 415.399.9844