Startup Accounting

Startup Financial Reporting

Burkland accounting services provide startups with critical benchmarks and data to analyze during strategic financial decisions. Our startup financial reporting includes:

• Monthly & quarterly reports
• Annual reports
• Profit and loss report
• Balance sheet cash flow report

Credit Card payment / ACH integration

Burkland implements the online connections to automatically import Credit Card or ACH payment information into accounting software. This improves scalability and can also be an excellent fraud control.

Month-End Close

Burkland develops and executes a monthly checklist to ensure that financial records and tax reporting are accurate.

Payroll

Burkland helps clients choose the right payroll provider. We set up the processing system and controls. Burkland will process each payroll cycle. We also facilitate all state payroll registrations.

Financial Planning & Analysis

The FP&A role is staffed by individuals that are highly proficient in Excel & Google Sheets, pivot tables, conditional formulas, import ranges, and of course, charts & graphs.

They are available to assist with:

• Budgeting
• Financial Modeling
• Rolling Forecasts
• Monthly Financial Reports
• Metrics & KPI tracking

International Advisory Services

With our multinational network and deep global experience, Burkland helps companies to align their expansion strategies to their business internationally through advisory and compliance services. Services we help our clients implement include:

• International accounting consolidations
• Intercompany reconciliations
• International staffing/process structuring
• Assisting cross-border operations
• International tax planning (VAT/GST)
• International financial reporting
• Transfer pricing and cross-borders mergers & acquisitions

AR / Collections

Burkland implements, manages and teaches Accounts Receivable best practices. We use cloud-based tools and set-up approval processes for creating and processing invoices. Collections services reduce outstanding invoices and late payments. We work to improve:

• Turnover ratio
• Collections effectiveness index
• Reduction in days sales outstanding
• Average days delinquent

Accounts Payable / Expense Reports

Burkland sets up, integrates, and manages online accounting service connections for Accounts Payable and Expenses. Automatically importing expenses and payments supports scalability and fraud monitoring.

CFO HelpDesk

A Burkland CFO is available on an as-needed basis to answer questions and provide guidance on financial models, review pitch decks, fundraising, service providers, metrics, board management, product pricing, banking, and other finance projects.

Our CFO Help Desk service is designed to support pre-seed and seed stage companies that have a periodic need but are not ready to commit to a Fractional CFO yet.

Controller Services

Controller services add value by offering advisory services, compliance projects, and audit preparation support. Burkland Controllers can prepare audit-ready financial statements, roll forward schedules, and documentation of internal controls. Our controllers also excel at consolidation accounting, accounting for derivatives, and equity reconciliations. In addition, we offer controller services in many specialty areas such as 606, 842, Due Diligence, Inventory, and systems migration/integrations.

Grant Accounting & Nonprofit Division

The Grant Accounting and Nonprofit Division is a Team of specialized Accountants working with Mission Driven Entities that seek to improve the world around them. These entities need our services to assist them with Grant and Nonprofit Accounting, as well as emerging issues related to Clean Technology.

• Revenue Recognition for Nonprofit, Grant, and Government Contract funding streams
• Pre and Post Award Accounting System Reviews
• Segregation of Direct and Indirect Costs
• Indirect Cost Pool Identification
• Proposal Budget Support
• Indirect Cost Rate and Incurred Cost Submissions
• Defense Contract Auditing Agency (DCAA) Compliance Support
• Uniform Guidance Expertise
• Audit Support
• Grant and Contract Compliance Reporting
• Process, Policy, and Procedure Consulting