Accountants for IT Companies

Why Choose Cooper Norman?

Cooper Norman has over 70 years of experience in providing accounting solutions to various industries, including information technology, software development, SaaS, and tech-based startups. Our deep understanding of the IT sector’s financial landscape enables us to tailor services that not only streamline accounting processes but also fuel business expansion and profitability.

Whether you’re managing rapid growth, handling complex project budgets, or navigating international operations, our accountants for IT companies are well-equipped to address your most pressing challenges.

Comprehensive Accounting Services for IT Companies

Cooper Norman’s accounting services are structured to provide maximum benefit to IT companies by aligning with their distinct needs. From routine bookkeeping to advanced financial strategy, we ensure that every aspect of your finances is managed accurately, efficiently, and with your business goals in mind.

1. Tax Planning and Compliance

Our team of tax experts stays up-to-date with the ever-evolving tax landscape, ensuring that your business complies with all regulations while minimizing your tax liability. We work with you to develop proactive tax strategies that address:

• R&D tax credits: Optimize your R&D expenses and leverage available credits.
• International tax implications: For companies with global operations, we offer specialized services to manage cross-border tax obligations.
• Federal and state tax compliance: Avoid surprises and penalties with meticulous adherence to all tax regulations.

2. Financial Reporting and Analysis

For IT companies, accurate financial reporting and insightful analysis are essential for informed decision-making. Cooper Norman offers:

• Monthly, quarterly, and annual financial reporting to ensure accurate and up-to-date financial data.
• KPI tracking and benchmarking to monitor growth and performance against industry standards.
• Customized dashboards and analytics that visualize data, allow you to understand trends, expenses, and revenue streams easily.

We take the complexity out of financial reporting so you can focus on growing your IT business with confidence.

3. Budgeting and Forecasting

IT companies often operate in fast-moving, high-risk environments where financial projections can change rapidly. Our budgeting and forecasting services give you the insight to stay ahead of potential risks, adapt to changes, and pursue new opportunities. Our approach includes:

• Scenario planning: Prepare for multiple market conditions and create responsive financial strategies.
• Revenue and expense forecasting: Predict and manage cash flow to support operational and strategic growth.
• Resource allocation: Ensure that your investments in R&D, marketing, and technology align with your business goals.

Our goal is to help you allocate resources effectively, manage financial risk, and seize opportunities for growth.

4. Project-Based Accounting

In the IT sector, many companies manage multiple projects simultaneously, often with different budgets, timelines, and revenue recognition requirements. Cooper Norman offers project-based accounting solutions tailored for IT companies, including:

• Cost tracking by project to ensure accurate budgeting and billing.
• Revenue recognition: Compliance with ASC 606 standards for companies with subscription-based and project-based revenue.
• Profitability analysis by project: Identify the most and least profitable projects to inform future strategy.

Our team ensures you have accurate financial data on each project to make strategic decisions with confidence.

5. Outsourced CFO Services

For growing IT companies that may not have a full-time CFO, Cooper Norman provides outsourced CFO services that offer the expertise and strategic insights of a CFO without the expense of a full-time position. Our outsourced CFO services include:

• Financial strategy development: Align financial goals with business objectives.
• Cash flow management: Optimize cash flow for growth, reinvestment, and operational efficiency.
• Investment and fundraising support: Assist with funding strategies, investor relations, and financial due diligence.

With Cooper Norman as your outsourced CFO, you gain the financial leadership to steer your IT company toward sustainable growth.

Specialized Solutions for IT Companies

Tailored to the Unique Needs of the IT Sector

From software development and SaaS to cybersecurity and tech-driven startups, every IT company has unique financial requirements. Cooper Norman offers specialized accounting solutions tailored to the nature of your business. We understand the specific challenges IT companies face, including:

• Managing Recurring Revenue: For SaaS companies and subscription-based models, we help manage and recognize recurring revenue accurately, ensuring compliance and clear financial forecasting.
• R&D and Capitalization of Software Costs: We guide you through the process of capitalizing and amortizing software development costs, helping you optimize your financials for both tax and investor purposes.
• Equity Compensation Management: Our team helps you handle stock options, restricted stock units (RSUs), and other forms of equity compensation, ensuring compliance with IRS and SEC regulations.

Whether you’re a startup navigating growth or an established company with complex financial needs, Cooper Norman provides the expertise and attention to detail required to keep your finances on track.

Advanced Technology and Security

At Cooper Norman, we use the latest accounting software and tools to ensure that your financial data is secure, accessible, and accurate. Our team is skilled in industry-leading tools such as QuickBooks, and Sage Intacct, and can integrate seamlessly with your in-house systems.

Data Security and Confidentiality

In the IT industry, data security is paramount. W implements rigorous security protocols to protect your financial data, ensuring confidentiality and compliance with industry standards. We prioritize:

• Data encryption and secure access controls
• Compliance with SOC 2 standards
• Regular audits and security assessments

Our commitment to security means you can trust Cooper Norman to handle your financial data with the highest level of protection.

Why IT Companies Trust Cooper Norman

With decades of experience and a reputation for excellence, Cooper Norman has become the preferred accounting partner for IT companies across the country. Here’s why clients trust us with their financial needs:

• Industry Expertise: We have extensive experience in the IT sector, giving us the insights needed to address your unique financial challenges.
• Personalized Approach: We treat each client as a partner, not just a number. Our team takes the time to understand your business and tailors our services to meet your specific goals.
• Proactive Service: Our accountants don’t just react to issues—they anticipate them. We provide proactive advice to keep you ahead of tax, regulatory, and financial trends.
• Transparent Communication: With clear reporting and regular updates, we ensure you have complete visibility into your financial status at all times.

Ready to Empower Your IT Business?

At Cooper Norman, we’re passionate about helping IT companies succeed financially, operationally, and strategically. Let us take care of the numbers, so you can focus on building innovative solutions that change the world. From startups to established tech companies, we’re here to empower your growth with financial clarity and confidence.

Contact Us Today for a Free Consultation

Ready to discover how Cooper Norman’s accountants for IT companies can elevate your financial management? Contact us today for a consultation, and let’s build a brighter, more profitable future for your IT company.

With Cooper Norman by your side, you gain a strategic partner committed to helping your IT company thrive in a competitive industry. Let us help you navigate financial complexities, maximize your resources, and achieve your business vision.