Kruze Consulting is the leading CPA serving VC-backed startups, and we know which tools are driving startup success.
We serve over 800 startups, and are experts at bringing AI, accounting automation and best-in-class fintech tools to startups. We would love to share some tips to get your startup’s bookkeeping, finance and taxes headed in the right direction.
Guidance on Expense Management Tools
You should set up a system to track expenses from day 1, even before you incorporate or have a business bank account. The Best Expense Management Software can help.
By partnering with Kruze Consulting, startups can leverage their expertise to streamline expense management processes, optimize financial health, and focus on core business growth.
Startup Banking Expertise
Choosing the right banking partner is crucial for financial stability and growth. As the banking sector stabilizes in 2024, startups are presented with a plethora of options tailored to meet their unique needs. From robust technical integrations to startup-focused financial products, the right bank can offer more than just a place to store funds—it can be a strategic partner in navigating the complex financial landscape.
In 2024, selecting the right bank for your VC-backed startup is crucial due to specialized banking needs that traditional banks may not meet. Founders should prioritize financial institutions offering excellent customer service, robust technical integrations, startup-focused advice, and financial stability.
Essential Resources for Startup Financial Management and Banking Solutions:
Navigating Payroll Systems
The moment when you begin hiring employees is a key point in any startup’s life. For founders, picking a payroll system presents an important decision that will matter a lot over time.
Kruze Consulting has helped hundreds of early stage startups set up their first payroll, so we’ve developed a keen sense of what matters most to founders as they take this step.
Explore how providing child care assistance to your employees can be important for attracting and retaining top talent: Child Care Stipend
Find how Startups benefit from PEOs: Should a startup use a PEO for payroll and benefits?
Choosing the Right Software
QuickBooks Online is the top choice for startups in 2024, offering scalability, ease of use, and extensive integrations. As a leading CPA firm specializing in startups, Kruze Consulting recommends QuickBooks Online for its robust features and adaptability to growing business needs.
Pick the best accounting software options on the market today and learn why QuickBooks Online is the top choice for startups in 2024.
Navigating Tax Season
In addition to using the best software tools to run your business, we want to make sure you’re keeping on top of taxes. Ensuring your startup meets tax deadlines is crucial for maintaining financial health and focusing on business growth. Kruze Consulting provides essential tips to help startups navigate tax season effectively.
By leveraging resources like Kruze Consulting’s Startup Tax Compliance Calendar and exploring opportunities like the Research and Development (R&D) Tax Credit, startups can optimize their tax strategy and focus on what truly matters—growing their business.
Healy Jones Former VC and Startup Operating Expert, VP of FP&A at Kruze Consulting
Mastering Startup Financial Models
Startups create financial models to raise capital, sell to an acquirer or to manage the teams budget. You’ll find financial models that you can download and use on your own, tips on how to build a financial model and information on how to work with an outsourced financial modeling firm like Kruze Consulting.
Kruze Consulting offers a suite of free, expertly designed financial model templates that help startups navigate the complexities of financial planning. These templates, ranging from simple projections to detailed SaaS forecasts, are crafted to meet the diverse needs of emerging companies, enabling founders to focus on growth and strategic decision-making.
Explore our free financial model templates and resources to help your startup succeed:
Be Ready for VC and M&A Due Diligence
Securing venture capital is crucial for startups, but the due diligence phase can be challenging.
With extensive experience and a professional team, Kruze Consulting has guided over a thousand VC-backed startups through this intricate process.
Kruze Consulting clients have raised over $15 billion in venture capital funding, and on average one of our startup clients is acquired a month. We know how quickly investments and acquisitions can come together, and recommend that startups are ready for due diligence ahead of time.
Due diligence is a comprehensive investigation of a target company’s financial, legal, and operational aspects to assess its value, risks, and potential synergies. Here’s what you need to know about navigating this critical phase: Due Diligence Overview
Navigating Global Talent
There is incredible talent abroad, outside of the United States. So companies want to take advantage of it.
A lot of startups hiring international tech talent, international marketing talent, even international administrative talent
Explore startup payroll and HR resources to help your company succeed: Startup Payroll Costs
From Preparation to Closing
Selling a startup is a complex journey, with mergers and acquisitions (M&A) being the most common exit strategy. This guide outlines key steps for a successful sale, including preparation, identifying buyers, and negotiating terms. Founders and investors must consider financial, legal, and strategic factors to ensure a favorable outcome. With insights into acquisition types and post-sale transitions, this guide equips you to navigate the process effectively.
Streamlining Startup Finances
Managing finances is a critical yet often cumbersome task for startups. Outsourcing bill payments can significantly alleviate the burden, allowing founders and their teams to concentrate on growth and innovation.
By leveraging specialized services, startups can ensure timely and accurate payments, maintain strong vendor relationships, and optimize their financial workflows without the need for additional headcount.