Accounting

What are the alternatives to In Dinero and how much do they cost?

Yin Li Founder at NurtureList

November 9th, 2014

I have a small amount of angel funding for my startup and am looking to start managing the money.  In Dinero has been recommended to me, but at $450 a month flat fee (though they will do their taxes for you), it seems a little steep.  According to In Dinero, filing my taxes alone would be at least $1k if I were to pay for it separately somewhere else.  I am a very early stage startup with nothing but expenses, no revenue, so it should be a simple job.

Can folks who have used other alternatives talk about 1) the cost and 2) amount of work involved (In Dinero is full service).  Basically I would use In Dinero if a) it is not that much more expensive to other options and b) other options involve a lot of manual work.

If anyone has a part time bookkeeper they recommend in SF for startup book keeping, that would be fantastic.

thanks!!

Yin

Jessica Alter Entrepreneur & Advisor

November 9th, 2014

I know XERO is gaining a ton of popularity https://www.xero.com/us/small-business-guides/cloud-accounting/accounting-for-startups have not used them myself

Avery EA Tax Professional and Xero Specialist

December 23rd, 2014

Those rates are pretty reasonable for In Dinero to do all of the work for you. If you want to do some of the bookkeeping work in house and just have a bookkeeping check up and tax filing you could save money.

I also recommend the Xero platform ;)

Anthony Miller

November 9th, 2014

Have you ever heard of waveapps.com? Not sure if it's robust enough for you. Let me know what you think.