We Address Start Up Financial Inefficiencies

Finances are the foundation upon which successful start-ups are built. For the busy founder and executive team, they are one of a million tasks that need to be completed -- yesterday. Consequently, they do not pay enough attention to financial statements and analysis. The result is the firm does not stretch its dollars as far as it can. Also, they do not present themselves in the best possible light when interacting with banks and potential investors. Start-up Way understands these shortcomings and works with customers to address them.

Financial Tracking and Reporting Shortcomings

Lack of Control

  • Transactions booked incorrectly

  • Financial statements errors

Inefficient Workflow

  • Processes do not scale efficiently

Risk Exposure

  • Hackers successfully target financial systems

Poor System Design

  • Lack of experience with financial systems, which are often complicated

  • Creates unnecessary work

  • Raises costs

  • Takes time away from other areas needed to launch the business

Insufficient Contract Review

  • Accounting not included in contract review

  • Offer terms that have negative financial impact.

Not Understanding Tax Implications

  • Tax structure not in sync with the company's strategic planning

  • Revenue lost

Our Service Portfolio

Bookkeeping - Accrual Basis:

  • Accurate and reliable bookkeeping services tailored to meet startup’ specific needs

  • Ensure correct recording of transactions

  • Presentation of financial statements.

Financial Statements Clean-Up:

  • Thorough review and cleanup of financial statements.

  • Identify and correct any inaccuracies or inconsistencies.

System Implementation Project Management:

  • Expert guidance and project management for implementing or migrating accounting systems.

  • Ensure timely and seamless system integration, minimize disruption, and optimize budget allocations

Budgeting:

  • Collaborative development of budgets tailored to the unique needs and goals of each startup.

  • Provide a solid financial roadmap for effective resource allocation and decision-making.

Financial Deck Preparation:

  • Craft compelling and informative financial decks to present key financial information to stakeholders.

  • Support loan applications, investment pitches, and board/executive team presentations.

Financial Statements and Analysis:

  • Prepare and analyze financial statements and provide a clear snapshot of the company's financial health.

  • Assist banks, investors, and executive teams in making informed financial decisions

Operation Flow and Process Discussion and Design:

  • Comprehensive analysis and discussion of existing operational processes.

  • Design more efficient and scalable processes that streamline operations and minimize the risks of fraud and data breaches.

Major Contract Review from Accounting/Finance Perspective:

  • In-depth review of important legal contracts and outline their financial implications.

  • Provide valuable financial insights and recommendations.

Tax Organization Structure Design:

  • Collaborate with tax lawyers and consulting firms so tax structures align with strategic planning.

  • Optimize tax efficiency, ensure compliance, and support the company's short-term and long-term goals.