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Banking: - We use silicon valley bank. They have a pretty horrendous online banking system (essentially a bunch of third party services cobbled together- we h
by answerly 16y ago
Banking:
- We use silicon valley bank. They have a pretty horrendous online banking system (essentially a bunch of third party services cobbled together- we have like 4 different sets of login credentials). But, their bill pay system is good. They also are extremely responsive. We have a real account manager to help us with issues. They were also able to make intros to a number of financial/HR vendors that were used to working with startups, which was really helpful.
HR:
- Our lawyer provided all the boiler-plate hiring docs.
- Paychex (SVB intro) handles payroll processing, withholdings, etc for like $10 per employee per month.
- Melita Group (SVB intro) handles benefits administration. We only have basic medical coverage now, but they have the capacity to provide all sorts of enhanced benefits if we need them.
Expense Tracking:
- We use InDinero to track all of our expenses by category each month. They do a better job of categorizing expenses than the SVB system does and it saves us some accounting time.
- gsiener 16y agoDefinitely agree that Quickbooks is the standard to beat. We (Profitably.com) just launched small business analytics that work on top of Quickbooks, and we keep hearing that lots of owners feel more comfortable with a well-established accounting suite. What other pain points are there for you? What would make that easier?