Pilot: Bookkeeping & Accounting Services for Startups & Small Businesses
Available for up to three years from the date of initial account opening, subject to continued program eligibility. Standard fees will begin to be charged three years from the date of initial account opening. Rising healthcare costs and access challenges create opportunities for innovation. Angel investors can help take early-stage startups to the next level, providing valuable insights on product development, funding and more. Live Oak Bank vs. Rho By the end of our comparison, you’ll be able to choose which one is right for your venture. Once incorporated, you can get a separate bank account; and if you raise any funding at all, even pre-seed funding, get a business bank account for the company. Go back and document the spend before you were incorporated so you can get reimbursed later or roll it into equity. And make sure you get a bank that knows startups, not some random regional bank or mega-bank. (Read our tips on how to read a bank statement.) Very few banks understand VC backed businesses. The bank also has an A+ Better Business Bureau rating, as determined by the BBB’s opinion of its customer interaction. Although the NBKC online platform and mobile app are user-friendly, they’re more basic than offerings from other banks and don’t have many business-specific tools for budgeting and accounting. You must be a US company and provide a federal Employer Identification Number (EIN) number, official business formation documents, and a picture of your government ID. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. You’re not just paying for someone to file your taxes; you’re investing in the financial foundation of your company. Mercury Business Checking Account We chose the PNC Bank Treasury Enterprise Plan because it includes a high monthly transaction limit of 2,500 and allows businesses to deposit $50,000 https://www.theclintoncourier.net/2025/12/19/main-advantages-of-accounting-services-for-startups/ in cash monthly with no additional charge. This account also has investment options for excess cash with the ability to set up an automatic sweep into a money market account for balances over a minimum you set. Yes, most banks do not check personal credit when opening a business checking account. Bank of America: Best for Ongoing Rewards and Low Cash Deposit Fees National Banking Satisfaction Study and the third-best for the same study in 2022. Selecting the right bank is a critical decision for any startup looking to succeed in today’s fast-paced business environment. Our transparent approach ensures you get the support you need without ever having to watch the clock. Instead of software being a platform where humans do work, next-gen AI software can just do the work. Online banks typically offer responsive support via chat and email, with many providing 24/7 availability. Our US-based advisory team includes seasoned CFOs and operators who know what expanding business financials should look like. The right accounting partner does more than just crunch the numbers; they help you write a story of stability, discipline, and readiness for scale. They act as a strategic advisor, ensuring your financial foundation is solid. Let’s look at what defines the best accounting services for fintech startups and how to find a firm that fits your vision. Before delving into the specifics of accounting for startups, it’s essential to have a clear understanding of the basics. Below are alternatives to a business checking account that might make more sense for your particular needs. Once you’ve settled on the best business checking account for you, the process of opening it is pretty straightforward. Only 225 free monthly transactions are allowed, and this includes ATM transactions, point-of-sale purchases, deposits, checks and incoming ACH transfers. If you exceed that amount, you’ll be charged a high fee of 35 cents per transaction. If you use an ATM outside of Truist’s network of about 3,000 ATMs, you’ll pay a fee of $3 per transaction. The Relay Pro account also scored well, offering everything the Relay Standard account does, but with accounts payable, faster ACH transfers, free domestic wire transfers and discounted international wires. Best Banks For Small Business Of 2025 Finding the right accountant for your fintech startup is more than just outsourcing your bookkeeping. You’re looking for a strategic partner who understands the unique financial terrain you’re operating in. The right firm will do more than just keep your books clean; they’ll provide the financial framework that supports your growth, keeps you compliant, and gives investors confidence. As you evaluate your options, focus on a few key areas to ensure you find a partner who can truly meet the demands of the fintech industry. This decision is foundational to your long-term success, so it’s worth taking the time to get it right. A specialized firm Main Advantages of Accounting Services for Startups will lead with its deep knowledge of very specific fintech issues, like anti-money laundering (AML) compliance or the accounting rules for digital assets. While the platform does have two paid plans, the free plan provides a robust suite of features for banking and more. A partner with proven industry experience can offer proactive business accounting and management that anticipates challenges before they become problems, saving you time and money down the road. When you have the bank account, use only that account for the business. While you may be able to close a business checking account online, you might need to visit a branch or call the financial institution to close your account. A traditional firm with a tech focus will highlight its experience in building scalable financial systems and providing strategic tax planning for growing businesses. With that in mind, we’ve created a tool to give you an idea of what bank accounts your startup may need. Choosing a business bank account for your LLC shouldn’t be complicated. Key Features and Benefits PNC Financial Services, one of the nation’s largest consumer banks, is also considering charging fintechs for accessing