Every tech startup is completely unique, and so are your accounting needs. Punch Financial has proven experience helping startups scale up safely at a commitment they can afford.
In the competitive technology industry marketplace, any tech startup that wants to make an impact has to be able to showcase the viability of its MVP, acquire financing, and rapidly scale up its profitability. The part-time team of bookkeeping, accounting, and a CFO consultant provided by Punch Financial more than pays for itself in this regard.
We work with dozens of young tech startups like yours, and all clients gain the expertise of a full-stack financial team at a monthly fee that is a fraction of the cost of an in-house team. Our team will set you on the path to true profitability by managing your payroll, sales tax, and accounting, applying for subsidies and grants, claiming relevant tax credits, and most important – helping examine the financial health of your go-to-market strategy.
We do more than just the day-to-day accounting and bookkeeping services that allow you to focus on running your business. You benefit from our existing tech stack, and we’ll modernize your accounting systems, provide rolling strategic forecasts, and develop a real-time financial reporting dashboard to help your business grow and thrive in an already crowded marketplace.
Honey, and why the cost of goods sold can make or break your business.
Long before Honey was purchased by PayPal for $4 billion dollars, we reached out to Ryan, the founder, on Linkedin to see if they could use our service. Like most companies we work with, Honey had hired a mediocre bookkeeper who said that they had regularly worked with startups but in actuality was in over their head. In fact, Honey repeatedly said that they weren’t actively looking for accounting help, but deep down the founder knew they probably needed it.
Punch started working with Honey when they had 12 employees, and they were a very small SaaS company who was just starting to generate revenue. Punch worked with Honey for over 2 years until we helped transition them to their own in-house team and were being audited by Ernst & Young.
“Punch was the missing piece of our puzzle. The clear financial statements and CFO guidance really helped us in our early stage to maximize our revenue model and accelerate our growth.”
Ryan Hudson – Founder & CEO, Honey
Our Accounting Services For Technology Companies
Startup Bookkeeping Services
- Double-Entry Bookkeeping
- Accounts Payable
- Accounts Receivable
- Balance Sheet Coding
- Bank Account and Credit Card Reconciliations
- Payroll Services
- Bill Payments
- International Contractor Payments
Startup Accounting Services
- Entity Selection and Incorporation
- Accrual Accounting
- Monthly and Quarterly Close
- Client Invoicing
- Cash Flow Management
- Journal Entry Processing
- GAAP Accounting Standards
- Tax Return Preparation
Startup CFO Consulting
- Accounting Software Implementation
- Streamlining Accounting Processes
- Cash Flow Projections
- Financial Statements
- Financial Forecasting
- Improving Gross Margin
- Managing Capital Structure
- Scaling Agency Profitability
- Creating Interactive Financial Dashboards
- Risk and Exposure Management
- Development of Internal Controls
- Legal Advice
THE PUNCH EXPERIENCE
Count On Punch To Treat Your Business As If It Were Our Own
When you partner with Punch, you get financial professionals with years of experience helping companies just like yours with real-world business and financial suggestions and options. But the beauty of the Punch team is that you get this expertise at a fraction of the cost of building your own in-house team.
If we didn’t meet or exceed customer expectations with our forward-thinking expertise, we wouldn’t be in business today.