A startup that needed room to move
The client is an early-stage company that needed its books kept properly without buying a finance function.
SF Business Solutions keeps the monthly books from $250 a month, adds payroll once there are people to pay, and prepares and files the company's return. Best for a founder who wants the books right and the spend to match the stage the company is at.
The situation
Early on, the books are simple but the cash is not. A founder is deciding between a hire and six months of runway, and needs numbers that are current, not a spreadsheet rebuilt the night before a board call.
What the client wanted was flexibility: the work scaled to the month, and a price that matched it.
What we do each month
The work scales with the company: light while it is small, more once there are people and customers.
- Transactions coded and every account reconciled, in the company's own QuickBooks Online or Xero file.
- Costs coded by department, so spend can be read the way investors ask about it.
- Payroll run once there are employees, with the filings on schedule.
- The month closed 5th–15th of the following month, with a profit and loss, balance sheet and cash flow statement.
- The company's tax return prepared and filed by the same team.
What changed
The founder stopped doing the books at 11 p.m., and diligence questions became a file to send rather than a month of catching up. If you need a fractional CFO, that is a different service and we will say so.
In their own words
“Company is great to work with. Flexible to our startup needs, timing, and budget.”
Left as a public Google review.
How to start
Three steps. The first one is free.
- 1
Book a free consult
A 1-hour call about your books, your software and what you need.
- 2
Give us access
Invite us to QuickBooks Online or Xero and share your bank and card statements.
- 3
We take it from there
Cleanup first if you are behind. Then we close each month between the 5th and 15th of the following month, depending on your documents.
SF Business Solutions is very diligent and responsive. I can tell they are passionate about their work, which I particularly appreciate about them. My project was rather complex but they managed to get it done according to my needs.
Is this cheap enough pre-revenue?
Monthly bookkeeping starts at $250 a month, and a company with few transactions sits at the bottom of that range.
Do you do fundraising models?
We do budgeting and forecasting. We do not sell a fractional CFO service, and we will tell you when that is what you need.
Can you run payroll for two people?
Yes, with the federal and state filings on schedule and W-2s at year end.
What about SAFEs and notes?
They are recorded correctly on the balance sheet so the equity section is right when you raise.
How do we start?
Book a free 1-hour consult or call (813) 563-7857. Invite us to your QuickBooks Online or Xero file and we take it from there.
Related
Hand us this month’s books.
Pick a day for a free 1-hour consult.