Rotterdams Engyon raises 1M for audit automation software

As a remote-first company, with offices in several cities like Austin and NYC in addition to our California locations, we are able to take on clients anywhere in the United States. Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication’s social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

Venture Cup Denmark to shut down after 25 years: Know more

• Developing accurate, timely, and reliable financial statements is challenging for any startup or emerging growth company – especially prior to an audit.
• Pilot is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
• I also recommend setting up an “” email box as soon as possible and cc’ing all accounting matters when corresponding with clients or vendors.
• We expect many of these startups to become dominant in their categories, or to create entirely new categories.
• The company aims to provide an integrated solution that supports all auditing activities, including both financial and sustainability reporting.
• At BC, we focus in Emerging growth companies (EGCs) play a vital role in promoting innovation and growth throughout the broader economy.

We offer a comprehensive suite of services including innovative tax strategies, diligent financial reporting, and proactive cash flow management, all tailored to the needs of fast-evolving businesses in San Francisco’s dynamic economic landscape. Our commitment to being the ‘near me’ accounting firm means we’re not just service providers, but integral members of the local startup ecosystem, dedicated to supporting the financial success of San Francisco’s innovative entrepreneurs. In the bustling landscape of New York, a city renowned for its vibrant startup scene and financial prowess, our accounting firm emerges as a pivotal ally for emerging businesses. Strategically located for those seeking an ‘accounting firm near me’ in New York, our services encompass a comprehensive range of offerings including bookkeeping, tax preparation, accounting, finance, and fractional CFO work. Our deep understanding of the local New York market, from Wall Street’s financial heartbeat to the innovative corridors of Brooklyn, equips us with unique insights into what it takes to raise VC funding and manage the financial intricacies of rapidly growing startups. Leveraging our knowledge of New York’s diverse economic sectors and our proximity to key financial districts, we offer tailored advice and services that resonate with the specific needs of startups in this dynamic city.

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This can be particularly true for younger startups that might have grown rapidly and had a lot of changes in a relatively short period of time. So that’s where you end up catching a lot of errors and needing to issue a restatement to remedy the inaccuracies. Audits do require a material amount of time, work, and coordination so be mindful to weigh whether it makes sense for your company and its trajectory. Even if you outsource accounting, you can still complete an audit but expect to take on a lot more work yourself given your outsourced accountants are primarily focused on closing the books. Get the peace of mind to focus on running your business, thanks to our triple-checked financial statements. We work with thousands of startups and small businesses, ranging from two founders in a garage to hundred-person teams.

Risk & Financial Advisory

Recording transactions on an accrual basis in accordance with US GAAP is critical as cutoff errors are one of the most common audit adjustments. A cutoff error is when a transaction is recorded in the wrong period which often happens if the cash activity was in a period after the service was performed. Remember, while a material misstatement is challenging, how you handle it can demonstrate your company’s integrity and financial management capabilities to your venture capital investors and other stakeholders. It’s an opportunity to show that your business can navigate financial hurdles responsibly. By partnering with BC, startup companies can have peace of mind knowing that their operations are compliant and that they are minimizing any potential risks or penalties.

With over 50,000 companies in the EU required to report under CSRD starting in 2026 and a shortage of auditors, the demand for audit software is increasing. Engyon aims to become the standard in the EU within three years for case management and AI-driven workflow automation in audits. In 2024, Engyon developed its CSRD audit product from concept to beta, working with five accounting firms for market validation.

Most startups only do an audit only when their investors demand it, which is usually in tandem with a financing round. These prices are for SF and NYC based startups that are between Seed to Series C stage. Our accountants, fractional CFOs, and tax specialists are dedicated to building a strong finance foundation for your business. At BC, we focus in Emerging growth companies (EGCs) play a vital role in promoting innovation and growth throughout the broader economy. These companies are often characterized by their ability to quickly adapt to changing market conditions, take risks, and develop new ideas and products. By doing so, they not only create new jobs and opportunities for workers, but also drive competition and spur economic growth.

We’ve had the opportunity to work with a number of the best accounting firms serving startups – let’s list out some of the best in the business. With hundreds of VC-backed startups in NYC and beyond, the Kruze team of CPAs and accounting professionals has the knowledge to help funded startups. As the venture capital ecosystem in New York has grown, so has Kruze’s NYC client base. Per PitchBook data, New York City startups continue to raise ever-bigger amounts of VC funding at ever higher and higher valuations. A qualified tax CPA like Kruze can likely help these companies save millions per year in payroll taxes through tax credit advice.

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The financial statement auditing process is wrought with complexity and requires adequate planning to ensure success. Alongside this step, conduct analyses of financial statements by comparing them to previous periods and industry benchmarks to provide an additional opportunity to correct issues before this information makes its way into an auditor’s hands. This document outlines accounting standards and regulatory requirements the company must comply with, the auditor’s roles and responsibilities, a timeline for the auditing process, and any auditing fees. As a rule of thumb, companies in the earlier stages can typically be fine working with a regional or small local firm.

Either way, startup auditing firms an accurate and transparent first-time audit of the company’s financial statements, representing the company’s official adoption of US generally accepted accounting principles (GAAP), is imperative. There are steps companies can take to help their first audit go as smoothly as possible. Eventually, many companies will reach an inflection point when an audit is called for. Often that happens when they take on outside investment—be it a bank loan, venture capital equity, or some other private investment vehicle—and an audit is part of the terms.

• Founded in 2024 by Berend Berendsen, Gerben Bas and Joachim Arts, Engyon aims to reduce audit and compliance risks while improving productivity for accounting firms.
• Startups place a premium on innovation in their own businesses, and they expect the same from the companies they work with, including their auditors.
• A qualified tax CPA like Kruze can likely help these companies save millions per year in payroll taxes through tax credit advice.
• We specialize in delivering complex startup tax services going beyond simply Delaware C-Corporations, and we offer specialized outsourced startup accounting services for startups, including both domestic and international companies.
• Well, it turns out that the best tech startup accountants can help founders get federal tax credits for their unprofitable startups – including the R&D tax credit, which can help a startup actually reduce its burn rate!

Since 2016, we’ve provided hundreds of growing companies a dedicated team of experienced startup accountants and CFOs who serve as their complete or supporting in-house accounting & finance department. We are your one-stop-shop for all things outsourced accounting, finance and tax. Our award-winning boutique Los Angeles Startup accounting firm understands the needs of both Entrepreneurs, and the Angel Investors, Venture Capital Funds, Private Equity Funds, Investment Bankers and other investors who provide capital to their ventures.

Unlike public companies, private companies aren’t required by the IRS to perform an annual audit, and your startup’s audit requirements will instead be determined by investors. We’ve build specific knowledge around the most important accounting issues facing VC-backed startups. Not all accounting firms understand technology, professional boards, the need to regularly raise venture capital funding, and the pressures felt by founders at high-growth companies. Founders need an accounting partner who’s done it before for technology startups.