Introducing Firstbase Accounting
After working with tens of thousands of founders, we understand how important it is to maintain accurate books from day one. Clean bookkeeping and accounting practices are vital for understanding your company’s financial trajectory and quickly filing accurate tax returns.
Today, we’re excited to announce Firstbase Accounting, a full-service solution that offers both accrual- and cash-based accounting functionality — all within the Firstbase Founder’s App.
Users can directly integrate their bank, credit card, and payment processor into the bookkeeping platform. Our live transaction feed and team of CPAs and bookkeepers will take it from there to track your finances and deliver tax-ready financial statements.
We know that bookkeeping isn’t always at the top of mind when starting a business. Countless founders have told us that they just don’t have the bandwidth to source a bookkeeper and find accounting software to boot. By the time they get around to it, they face a nightmare of catching up on months or years of poor bookkeeping practices.
With Firstbase Accounting, founders can incorporate their company and set up full-service bookkeeping in the same browser session. It can’t get easier than that.
Who needs accounting ?
Most people think of accounting as a once-a-year event, it really is a year-round activity. Maintaining accurate, updated books will help you:
- Prepare financial statements for your next investment round
- Get an accurate view of your financial picture at any point in time
- Avoid scrambling during tax season
Getting set up with accounting can feel like flying blind. It's hard to find a reliable bookkeeper or CPA from a Google search result, and asking around for bookkeeping recommendations can be a hassle. Firstbase Accounting takes care of all that so you don't have to.
How it works
Once you sign up for Firstbase Accounting, we will build out your tax and bookkeeping profile based on your incorporation information. This enables companies to onboard digitally — no intake call required.
Here’s what you need to do:
- Select either monthly or annual billing. Pricing is based on your company’s monthly expenditures.
- Choose whether to add Firstbase's annual tax filing package.
- Integrate your business bank account and connect with one of our bookkeeping experts.
- Send a message to your new bookkeeper!
What’s next?
Feedback? Feature requests? Fan mail? We love hearing from founders. Find us on Twitter at @tryfirstbase.