Small Business Accounting

Turn your startup or small business vision into value with Advinance’s specialized accounting and consulting services.

Small Business Accounting Turn your vision for startup and small businesses into value with our specialized Small Business Accounting & Startup business consulting services.

Advinance: Small Business Accounting Services

It is generally observed that in start-ups and micro businesses where the whole business is run by a one-man army, accounting & bookkeeping is not given due importance. Small Business Accounting is considered insignificant.

Irrespective of the size of your business, maintaining proper accounts depicts you a correct and reliable picture of your business’s health, showing you in which area you are doing good and bad in a particular period. Although cumbersome, maintaining correct accounts can contribute in leading small businesses to medium and medium businesses to large.

Cost-Effective Compliance

Smart Accounting for Startups & Small Businesses

Our Small Business Accounting Services help startup and small business owners save time and cost. Our personalized accounting services for small businesses range from small business bookkeeping, payroll services, management reporting, tax preparation, business analysis, accounts receivable & payable management, to virtual CFO services.

We understand that it’s not feasible for small businesses or startups to invest heavily in non-revenue generating activities such as accounting and compliance. Therefore, Advinance follows a cost-value approach in small business accounting services, which can be explained as follows:

Strategic insights

Get deeper insights into financial management and achieve business goals.

Cost Savings

Save costs on hiring and training in-house resources with outsourcing accounting.

Improved Efficiency

Automate accounting processes with the help of access to advanced software & tools and improve efficiency.

Who we serve

At Advinance, we tailor our accounting solutions to fit the unique financial needs of digital businesses—from online stores and marketplaces to SaaS platforms—helping them stay compliant, organized, and ready to grow.

Independent stores

Professional Services

Online Retailers

Software & Technology

Wholesalers

Clinics

Happy Clients

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Specialised Services For Franchise

Breif Business Analysis

First of all, we undertake brief business analysis which include

Understanding current business processes & organization structure
Brief Industry analysis & determining standard industry practices
Understanding current business activity progress reporting system
Standardizing appropriate changes in business data flow and activity progress reporting
Standardizing data collection form for various activities
Determining number of management reports which is essential for management for decision making and various compliances

Selecting cost-effective accounting package & tools

Based on the business analysis, we determine which is the best cost-effective accounting package along with third party apps/tools which:

Satisfies all the reporting and analysis requirements of the management
Compliment standard industry practices
Compliant with the regulatory requirements

Preparing brief process flow

We also help management in preparing brief business process flow (e.g. RASCI Matrix), which is a basic version of the Standard Operating Procedure (SOP). This helps management in:

Knowing the frequency and initiating point for any business process
Understanding the chart of processes, i.e., predecessor processes and subsequent processes, which helps in better planning and time management
Responsibility identification and allocation
Defining job description
Preparing critical Event Calendar

Guiding process owners on process flow and documentation

Finally, we give training and guidance to our client’s staff and business owner for smooth implementation of our suggested business processes, standard documents for recording business process activities and getting best results out of the system.

Startup Finance Issues

Common Accounting Challenges for Small Businesses

Thus, our Small Business Accounting Services helps small businesses and start-ups in overcoming challenges they face in doing business such as;

Knowing actual cash flow rather than confusing it with profit
Wrong categorization of expenses and other accounting items
Improper reconciliation of books of accounts with third party statements (e.g. Bank book with Bank Statements)
Failing to keep track of all the transactions
Lack of planning and budgeting
Inadequate records for tax computation and compliances
Segregation of responsibilities among available resources (e.g. staff and contractors)

Our Approached Industries