How much does bookkeeping cost for a startup?
Outsourced bookkeeping typically costs $500 to $2,500 per month, while DIY software runs $30 to $100 but consumes founder time and breaks down as volume grows. The main price drivers are monthly transaction volume, the number of accounts to track and reconcile (crypto wallets, centralized exchange accounts, bank accounts, and credit cards), and the complexity of settlement flows, such as reconciling on-ramp volume to PSP and banking settlement. An entity with one bank account and low volume sits near the bottom of the range; one with significant wallet activity and multiple payment rails sits near the top. Our CPA-reviewed bookkeeping starts at $1,200 per month, including accrual books, reconciliations, and a monthly review call.
When should a startup hire a bookkeeper or accountant?
Hire help when transaction volume passes roughly 100 per month, when you add payroll, when you are preparing to raise, or when uncategorized transactions start piling up. Investors will ask for clean monthly financials in diligence, and retroactive cleanup always costs more than keeping books current.
Should my startup use cash or accrual accounting?
Accrual. If you have recurring revenue, prepaid customers, or multi-month contracts, cash-basis books misstate your real performance. Investors, auditors, and acquirers all expect accrual financials, and switching later is painful. We run accrual books from day one so your metrics (MRR, burn, runway) are correct from the start.
What financial reports should a startup produce every month?
At minimum: a balance sheet, an income statement, and a cash position with burn and runway. Once you have investors, add a monthly management-accounts pack with commentary, budget-versus-actual, and payroll and software spend analysis. That pack is exactly what our monthly close delivers.
Can you clean up books that are months behind?
Yes. Catch-up and cleanup work is a standard part of onboarding: we rebuild historical months in Xero or QuickBooks Online, fix miscategorized transactions, reconcile every account, and hand you a clean starting point. Most cleanups take two to four weeks depending on volume and how many entities are involved.
Which accounting software do you work with?
Xero and QuickBooks Online, connected to your banks, payroll providers, and payment processors. For companies with crypto activity we layer a dedicated crypto subledger on top so on-chain transactions flow into the same monthly financials.