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As a bootstrap company with no sale yet, any recommendation for CPA /HR services (is it even required?)

J
Written by Jasmine Sunga
Updated over 5 years ago

Here are couple recommendations:

  • You may want to hold off on getting an accountant until you have sales

  • In the meantime, get a subscription to Quickbooks or Xero to provide a ledger and find an accounting contractor on upwork to help with the bookkeeping, if needed. You just need to come up with a categorization system. 

  • Use SVB or banking service to pay your bills

  • Tip for SVB + Xero. Xero has an integration with SVB to import the checking account activity automatically, but I would recommend manually importing credit card statements. Otherwise, you’ll have problems due to SVB’s control account credit cards and multiple cards.

  • For taxes, the outsourced accountant should be able to easily pull the needed data to file

  • For HR, don't spend anything, just use zenefits + payroll (quickbooks or gusto).

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