During a startup’s early stages, founders and the management team are solely focused on growing their business, developing a product market fit, and meeting the needs of its first customers. When a company begins to scale, organized accounting and finance processes begin to take on a central role as business owners need accurate and timely info about gross margins, customer acquisition costs, unit economics and overall business profitability.
Exbo Group organizes your financial records using scalable accounting software in accordance with GAAP. We establish repeatable procedures for your month-end close process and provide accurate and timely monthly reporting of your historical business operations to help you scale quickly.
A typical monthly close includes: recording all financial transactions and account reconciliations; invoicing or documenting any revenue; calculating accruals, prepaids, and deprecation schedules; addressing any business-specific accounting issues, such as deferred revenue; and reviewing any uncategorized expenses with management. Finally, we generate a set of monthly financials and review them with company management.