What are the requirements to start with Mighty Startup?

US based company (foreign subsidiaries are okay!)Comfortable working with our team virtuallyExisting QBO account or willingness to migrate to QBO (we can help with the migration assuming it fits your needs)Named point of contact for categorization questions and access to data (could vary by department)

How does bookkeeping pricing work?

We aim to be as transparent as possible with our pricing. See which model works best for you here.

What’s the difference between accrual bookkeeping and cash bookkeeping?

Accrual recognizes income when earned and expenses when incurred, regardless of cash received or spent. Cash recognizes income and expenses based on timing of cash movement. We believe accrual-based accounting provides the best insight for management decision making and is the standard for growing organizations.

Are AP/AR services included?

All of our standard packages includes basic AP processing. Basic AR services are included in our Launch and Expand packages. Learn more here.

Outsourced Bookkeeping Services

Expert bookkeeping services at a fraction of the cost of an in-house team

Why Startups Choose Mighty for Bookkeeping Services:

Our SaaS Bookkeeping Services

TRANSACTION CATEGORIZATION

Stop guessing. Let us manage your bank feed in QuickBooks so that you don’t have to think about it. We understand when to capitalize transactions instead of expensing them and other technical accounting nuances. Did you know legal fees associated with equity fundraising can be recorded to APIC on your balance sheet rather than expenses on your income statement?

BANK AND CREDIT CARD ACCOUNT RECONCILIATION

Are you properly reconciling your bank and credit card accounts in QBO? Many founders are ignoring this. Let us help reduce the risk of duplicate or missing transactions in your general ledger which throws off your financial reporting. Did you know duplicate entries are quite common especially when relying on various third-party data syncs?

PAYROLL JOURNAL ENTRIES

Most startups we work with have their payroll on cruise control. We can help ensure any journal entry syncs are properly setup and a clearing account is used properly. Most importantly, we’ll ensure proper allocation of team members to various departments enabling better reporting and clarity for CAC, COGS, and other useful insights.

VENDOR BILL PROCESSING

Do you struggle to pay your vendors efficiently and on time? We’ll help keep everyone happy and paid while ensuring smooth process flow, tight paper trails, and proper approvals before your money moves with tools like Bill.com or Airbase. Gone are the days of fumbling with online banking bill pay, charging everything to a corporate card (or worse, your personal card!), and the snail-mailed physical check.

CUSTOMER INVOICING AND COLLECTIONS

We can ensure customers are invoiced timely and provide friendly follow-ups when customers are slow to pay. We will look for ways to help reduce your AR and collect cash from customers sooner to improve cashflow.

EXPENSE REPORTING

If your team submits receipts for reimbursement from the company, we can streamline the process with tools like Expensify or Airbase to reduce headaches for everyone with clean and simple workflows.

You’re in Good Company

Bookkeeping FAQs

Bookkeeping is a key function for any business and you may have a lot of questions.

Below we address common questions, but please feel free to connect with us with your specific questions.

US based company (foreign subsidiaries are okay!)
Comfortable working with our team virtually
Existing QBO account or willingness to migrate to QBO (we can help with the migration assuming it fits your needs)
Named point of contact for categorization questions and access to data (could vary by department)