Startup Expense Tracking 101

Startup Expense Tracking 101

First Things First

Set up a system to help with expense tracking. You can even do this before you incorporate or set up a business bank account. Make a clear distinction between your personal account and your business account from day one in order to save a lot of time, money and complexity later. As I discussed with the New York Times, you want to make sure you have everything tracked properly in case you are audited by the IRS.

Want to know more?

IRS audits and expense tracking

Transferring personal expenses to business expenses

“Document everything” and use a program like Expensify was my advice when chatting with the NYT

If you are storing all of your receipts in a shoebox? Or stuffed in the glove box in your car? (Yes, this really does happen.) No problem, Kruze Consulting can help you get organized. Just set up a time to talk with us.

Next tip: Startup Payroll

Kruze Consulting's Prices

Financial Consulting

Staff Accountant $85
Senior Staff Accountant $110
Controller $140
Financial Modeling $300
Venture Debt $300
CFO $250
Tax Advisory $395

Kruze's calculator tells you how much it will cost to prepare your startup's tax return.

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We charge a fixed fee of 15% of the anticipated captured credit amount with a minimum fee of $2,000

Startup 409A Valuation

Seed $1500
Seed A $2000
Seed B $2500
Seed C $3000

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