Startups, particularly those in seed through series A funding stages, must navigate a complex financial landscape. At Resolve-Works, we understand the challenges faced by early-stage startups, and we’re here to help.
We recently published an article highlighting the Entrepreneurial Operating System® (EOS®). This system is a simple set of practical tools that can help streamline operations and improve communication within a company, making it an incredibly valuable tool for startups that are growing and want to inject efficiency and structure into the business in those early stages.
The Resolve Works organization runs on EOS®, and this summer our founder, Jillian Mittelmark, became a professional EOS implementer and will be offering EOS® implementation services as an extension of the accounting services we provide to startups at Resolve Works. You can learn more about Jillian and her EOS® implementation services here.
At our core, Resolve Works’ range of services is specifically designed to cater to the diverse needs of growing business; those that need the expertise of a full financial department, but don’t need the individual roles of Payroll Specialist, Bookkeeper, Controller, or CFO on a full-time basis. We provide a dedicated team of people that work on a fractional basis, supporting you with expertise in every aspect of the financial department, all for less than one full-time person.
What are our other services, and how can they assist Seed and Series A startups? Let’s explore some of them to understand why startups can benefit from these services.
Accounting, Advisory & Essential HR Services
Fractional CFO Services:
Our fractional CFO services offer startups strategic financial expertise for a fraction of the cost compared to a full-time in-house CFO. CFO services include strategic financial advisory, cash flow management, annual budgeting, pro-forma and ad-hoc forecasting, and investor fundraising support. These services provide a broad array of financial strategies to ensure stability and drive growth.
Financial System Optimization:
As part of our comprehensive accounting services, we help startups optimize their financial systems. We will work with you to identify inefficiencies and implement best practices in accounting systems, reporting, and processes. In this way, we pave the way for smoother, more efficient operations, freeing up your time to focus on your business’s core competencies.
Monthly Accounting and Bookkeeping:
The backbone of every successful business lies in its consistent, accurate, and well-organized financial records. Our monthly accounting and bookkeeping services offer meticulous financial record-keeping and reconciliation services. This ensures your startup has an accurate understanding of its financial standing at all times, aiding strategic decision-making and maintaining investor confidence.
Cash Flow Management:
A startup’s lifeblood is its cash flow, and effective management is crucial for survival and growth. We provide cash flow forecasting and budgeting services, helping startups manage their resources prudently and plan for both short-term and long-term financial health.
Payroll Services:
Managing payroll can be complex, time-consuming, and fraught with potential legal pitfalls. With our payroll services, you can leave the hassle behind and trust that your payroll processes are being handled accurately, promptly, and in compliance with all relevant laws and regulations.
Paid Time Off Policies:
Offering a paid time off policy to your employees is a great way to reward them for their hard work, and retain and recruit top talent. We can help you define what your paid time off policy should look like, as well as manage the nitty gritty administration of tracking PTO requests, PTO payments, and PTO balances.
Benefits Administration:
Another great way to make sure you attract the top talent for your organization is to offer a competitive benefits package including health, dental, and 401K. We can serve as a liaison between your company and a benefits broker, helping you analyze options and understand the financial impact of your benefit offering. Once your benefit plans are in place, we support the ongoing administration of benefits including enrollments, disenrollments, and employee premium contributions through payroll.
Accounts Payable and Receivable:
Efficient management of accounts payable and receivable is key to maintaining good relationships with suppliers and customers, as well as ensuring a healthy cash flow. We offer services to manage these crucial aspects of your financial operations, ensuring your startup maintains a positive financial reputation and stability.
Financial Reporting and Analysis:
Effective decision-making relies on accurate and insightful financial data. We provide timely and reliable financial reports, coupled with in-depth analysis, giving startups the necessary tools to strategize and grow.
At Resolve Works our mission is to empower startups like yours to maximize their potential and navigate their entrepreneurial journey with confidence.
Visionary CEO Jillian Mittlemark’s goal is to empower your startup by providing you with cutting-edge financial, accounting, and payroll support, giving you insights to maximize your growth potential.
Resolve Works can be your trusted partner in your startup journey. Interested in seeing what our extensive suite of services can do for your startup? Contact us today.
