When your business is in startup mode, every penny counts towards achieving your goals. But, if you are busy managing payroll or ensuring financial data is correct, you are likely spending less time working on your business strategy and the essential facets of running a startup.
You are not alone! Countless entrepreneurs turn to outsourced bookkeeping services like The Quantify Group to help with a wide variety of financial needs like tax prep, financial statements, accounts receivable and accounts payable.
If you are a small business owner struggling with basic bookkeeping tasks or financial statement preparation, outsourcing your accounting and bookkeeping can free up your time and ensure you are able to focus on growing your business.
Sometimes, just using a bookkeeping software is not enough! That is where our professional services come in. We will go beyond the P&L statements to provide expertise about different accounting systems, financial models and other services that can support you without building out an in-house team.
Are you curious to learn more? Keep reading to see how The Quantify Group, one of the top outsourced accounting firms in Philadelphia, PA, can help you and your startup business!
Get your questions answered.
Trusting your financial data with a third party can be scary. But we are here to answer your questions so you can feel confident hiring accounting services for your business.
Here are some frequently asked questions we get from small business owners.
Should I outsource my bookkeeping?
Yes! We think outsourcing your bookkeeping and accounting for your small business is a great decision.
Why? Well, navigating the financial landscape as a new business can be complicated. When you hire an expert like The Quantify Group to help you with accounting and bookkeeping, that burden and time involved in managing your financial records is freed up for more valuable things, like growing your business.
You will benefit from accurate financial records, tax planning, and organization of your important bank statements and other data that you need updated and accurate to make the best financial decisions for your startup.
What does an outsourced bookkeeper do?
You might be wondering what exactly can outsourced bookkeeping services do for your business. While each accounting firm has a different set of skills and expertise, they usually will offer services like maintaining financial records, processing invoices, managing payroll, and ensuring that your financial transactions comply with legal requirements.
At The Quantify Group, we offer a long list of services to help support your startup accounting — all with a transparent and straightforward monthly cost. You can check out our services here.
Can I get help with my tax services?
We do not want to speak for small business owners, but tax preparation is often a dreaded task that most startups need help with. Taxes are complicated, and you want to ensure you are properly submitting your financial data to the IRS.
At The Quantify Group, we can help you find and leverage our network of great vendors to get the tax help you need. We have partners we work with to get you expert tax advice, and would love to help connect you with them.
Why should small businesses outsource bookkeeping?
You might be wondering if paying to outsource your bookkeeping is really worth it. And while at a glance it might seem like an unnecessary cost, outsourcing your startup bookkeeping can help your business understand its accounting and bookkeeping better so you can make the best decisions with the right data and ultimately grow your small business.
Bookkeeping and accounting require considerable expertise and knowledge to ensure you are doing it correctly. And when you outsource your accounting, you will get access to our team’s wealth of knowledge, which can help you improve cash flow management, assist in strategic planning, and better predict future trends.
How much does it cost to hire outsourced bookkeeping services?
While every accounting firm is different, we work with all our clients on a monthly, fixed-fee model. Our fee is determined by the size of your company, the complexity of your accounting, the number of monthly accounting transactions and the services we agree on together. We have found this to be fair for all parties and will also allow you to budget properly so you are not getting surprised by costs or expenses.
Think of our services as an investment in your small business cash accounting and accounting systems to help you grow.
Do startups need bookkeepers?
Simply put, yes! Regardless of their industry, startups thrive on their ability to innovate and move quickly.
Trusting your bookkeeping responsibilities to a reliable partner like The Quantify Group allows your startup to keep focused on core business activities and can save you overhead costs if you are not ready to hire a full-time accounting team.
The Quantify Group also offers CFO services to support you in the early stages when you do not need a full-time executive in finance or accounting.
The Quantify Group | Bookkeeping services for Startups
The Quantify Group in Philadelphia, PA is committed to helping startups navigate and organize their financial records from start to finish. We want to help you succeed and grow, and it starts with accurate financial reports.
If you are simply using accounting software, you are likely missing some key data and analysis that our team can offer. The day you start analyzing and quantifying the numbers below the surface is the day your business starts becoming more profitable.
We are not just another service provider — we want to be your partner for your finances! Our startup accounting services can help you grow your business in the early days and ensure you are set up for success in the long run.