The One-Stop Shop for Startup Accounting in the UK
We handle the back-office for your startup.
You do the fun stuff.
At AbacusWorks, we are focussed on helping UK startups with the unique aspects of their back-office needs: Accounting, Bookkeeping, Monthly runway estimation, Burn rate calculations, Employee Options Scheme (EMI), Capital raising via S/EIS via Advance Assurance, ICO registration for GDPR and even those R&D Tax Credit claims. We sort it all out, so you can just focus on finding Product/Market Fit.
Pricing Plans
AbacusWorks is your entire back-office.
£99 monthly
Recently started, not raised external capital yet.
For startups where the Founders are still building the initial MVP, hacking it out.. the early days!
​
​
-
Access to Xero included
-
A certified account (yes, a human will review all the calculations)
-
Monthly accounts tally to calculate burn metrics.
-
Complete VAT filings (typically done every quarter).
-
PAYE payroll for up to 5 employees (& HMRC filings).
-
Assist with filing for EMI option grants to employees (scheme creation excluded, separate)
-
Ensure expenses and reimbursements are correctly tagged for accounts.
-
Support GDPR compliance with ICO data protection filing.
-
Ping us on a dedicated Slack Channel to ask questions
This will take you to a £19.99 deposit payment page. We will then arrange a call with you to onboard you and apply that payment towards your monthly. In case we cannot serve you, this is fully refundable.
Option to add-on:
Annual Accounts + Annual Confirmation Statement + Annual Corporation Tax with filing at HMRC & Companies House for £1299 one-time annual fee (+VAT)
Option to add-on:
Support creation of the EMI Options Scheme for employees for £799 one-time fee (+VAT)
£299 monthly
Angel or Seed funded with investor reporting.
For startups where the product is getting traction, investors like you, the media loves you.. the fun days!
Everything in the Starter Pack:​
​
PLUS:
-
Deeper financial analytics and runway calculations for the investor meetings.
-
PAYE payroll for up to 25 employees (& HMRC).
-
Multiple currency accounts like USD, EUR apart from GBP
-
Treasury function guidance on how to manage capital reserves in a prudent manner
-
Assist with filing for R&D Credits at a fixed fee cost (not that sneaky percentage basis).
-
Ensure compliance with regulations under UK FRS 102 for treatment of convertible notes (like the ASA note) including if you have a SAFE
This will take you to a £19.99 deposit payment page. We will then arrange a call with you to onboard you and apply that payment towards your monthly. In case we cannot serve you, this is fully refundable.
Option to add-on:
Annual Accounts + Annual Confirmation Statement + Annual Corporation Tax with filing at HMRC & Companies House for one-time annual fee (to be discussed at onboarding based on business complexity, guidance price typically between £1800 to 4500 + VAT)
Custom
Series A and beyond with institutional capital. Multi-country
We know the game eventually get's fairly complex. You will bring in a team to manage your accounts and various functions internally. We are here to support and handle the specific aspects of external support as needed.
​
Contact us to arrange the custom arrangement based on your situation. We have worked with startups up to Series C with multiple geographies and corporate structures.
STARTER
FUNDED
SCALING
Software to simplify.
Humans to codify.
AbacusWorks is your go-to accounting and back-office for everything your startup does in those early days. We have built startups, we get it. We know this is important to be sorted out, but it shouldn't take over the Founder's lives. Let us simplify it with the tech we have built, with humans to ensure its all compliant.
Experienced accounts team
Rapid reconciliation
Analytics done properly
Let us be that virtual CFO to sort out the specific questions your early stage investors are going to ask you. Runway, burn, liquidity, commitments - those are the metrics in the early startup days - not the other bloated metrics that other accountants talk about.
We get it.
You aren't building just another small business.
You are here to build a scalable and repeatable large company from this startup.
That's a different game, and we are here to help.
We speak the startup language
ARR, MRR, CAC, rule-of-40, MAU ... we got this.
We know what you are dealing with it. We have been there, in the VC board meetings discussing the unique metrics of the startup world. We understand the lingua franca of this ecosystem.
​
(and no "community-adjusted EBITDA" calculations in our house! Stay away)
You just focus on Product/Market Fit
We know your startup is on a mission to find your P/M Fit. Let us remove all the admin & back-office compliance work, so you can focus on what matters.
Accounts and Filings
(AbacusWorks is a Xero Partner)
Compliance for local regulations including FRS 102 for Stock Options and ASA/SAFE funding notes. And ICO registration for GDPR.
Hear them shout:
They just love AbacusWORKS
Right from the seed days through our Series B to exit.
These guys got it. Startup accounting is so specific especially when you have VC capital, convertible notes, and stock options - most of our other accountants failed us, but these guys really understand the startup game.
Founder, FinTech Series B
We only serve startups in the UK
AbacusWorks is so focussed on this one sector, that we are deep experts in it.
