A San Francisco–based technology startup was managing its finances in Excel, which led to errors, inconsistent records, and difficulty in producing accurate monthly reports. The lack of structured accounting made it nearly impossible to present clear financial data to investors during fundraising discussions.

NYBACS migrated their books to QuickBooks Online, set up automated bank feeds, and implemented expense tracking policies that reduced manual work. We also created a standard reporting pack — balance sheet, P&L, and cash flow statements — aligned to US GAAP.

Within three months, the startup had investor-ready financial statements and a reliable reporting framework, which allowed them to confidently approach seed-stage investors.

A Dubai-headquartered trading firm operated across the UAE, Europe, and Asia but maintained siloed accounts in each region. Transactions in multiple currencies (USD, EUR, and AED) made consolidations cumbersome and delayed decision-making. Additionally, VAT filings were often late, exposing the business to penalties.

NYBACS introduced a multi-currency accounting system, standardized chart of accounts across all subsidiaries, and consolidated reporting under a unified framework. Our team also automated VAT compliance and set up a calendar-based reminder system for timely filings.

The result was a seamless financial reporting process, real-time visibility into cash flows, and full VAT compliance — giving the management team confidence to expand operations further.

A consulting group based in Germany was in talks with U.S. investors but faced a challenge: their books were prepared under IFRS, while investors required U.S. GAAP-compliant financials for due diligence. Without conversion, the deal risked stalling.

NYBACS undertook a full IFRS-to-GAAP conversion, reclassified assets and liabilities, and adjusted revenue recognition policies. We also created reconciliations for key accounts and prepared supporting documentation for audit readiness.

During due diligence, the group’s financials passed review without audit adjustments, reassuring investors and paving the way for a successful investment round.

A newly established Singapore-based family office managed assets for high-net-worth individuals but lacked a structured bookkeeping and reporting process. The Monetary Authority of Singapore (MAS) required compliance-ready reporting, and investors demanded quarterly statements.

NYBACS implemented a MAS-compliant reporting framework, managed day-to-day bookkeeping, and set up quarterly reporting packs tailored for investors. Our team also ensured payroll, expenses, and investment income were categorized correctly for both internal and regulatory reporting.

The office achieved clean, timely reporting every quarter, which built confidence among its investor base and ensured smooth MAS compliance.

A fast-growing SaaS company had strong revenue growth but lacked financial leadership at the C-suite level. The founders needed more than bookkeeping — they required a Virtual CFO to guide financial strategy, investor communications, and fundraising preparation.

Through CFOArena (our VCFO vertical), NYBACS stepped in as their outsourced CFO. We developed board-ready financial packs, built detailed fundraising models, and provided strategic insights on pricing and expense optimization. We also participated in investor calls to present financial metrics with credibility.

The company successfully raised a Series B round, backed by clean financial data and a strong forward-looking financial plan, demonstrating the value of VCFO as a growth enabler.