San Francisco, better known as the Silicon Valley is one of the prime place of interest for businessmen. The Bay area of the city is mainly known for its renowned business houses and other establishments that are ruling the world.
Distinctive features of San Francisco
Until the Mexican American war in 1848, San Francisco was of Mexico. The bay area of the city is world famous for big business ideas like Google, Apple, Facebook and others. Major industries that prosper here are technology and financial services. It is so great in financial services that during the depression none of the San Francisco based bank failed. It homes to more than 30 international financial institutions.1
The unique features of the city makes it a more lucrative place for the entrepreneurs to start up business as everywhere in the city one will find business minded people.
Start-up culture in the city
No doubt that a city where every day new business ideas have prospered for years will provide one of the best culture for those starting up new businesses. The city area is 7×7 that is it is 7 miles by 7 miles2. Hence a lot of companies get clustered in the same area. As every inch of the city is busy with business, when you want to start up here you have to keep in mind that the cost of the establishment will be high, quite high!
For start-ups it is best to get outsourced accounting solutions as the space is really constrained to set up your own accounting men. There are many accounting services for start-ups available in the city that makes things simpler, during those early days.
What is outsourced accounting service?
For any start up managing the core business area and the books of accounts at the same time may not be easy. They need to concentrate on their core business that will be the source of income generation of the business. Thus, a non-core activity like accounting services is handed over to a third party who is an expert in dealing with accounts.
With the help of outsourced accounting solutions it is possible for the business to maintain and manage their books of accounts in a more efficient way. There are many accounting software for start-ups but sometimes they may seem tough for a businessman who is expert in technical ways.
Accounting firms from San Francisco
In a city like San Francisco where business is innovative and needs an cutting edge to expand, there are many accounting firms that provides accounting services for start-ups. Some of them are
- Armanino McKenna LLP
- Shea Labagh Dobberstein
- Burr Pilger Mayer Inc.
- Ernst & Young LLP
- Harb, Levy & Weiland LLP
Apart from using accounting software for start-ups, these firms provide business consulting, CFO outsourcing and tax planning services and along with cloud-based accounting and bookkeeping for startups.