You already wear so many hats, let us handle the finances for you.
From Pre-Revenue Status Through Commercialization
Many new pharma / biotech companies on the road to commercialization, have received funding to further develop their product as the companies work towards FDA approval. Often, this funding requires additional responsibilities for these companies and accounting departments are often not part of the initial set up.
Regain Your Focus
With AcctTwo's Client Accounting Services you get best-in-class technology with a highly skilled staff to deliver the results you need when you need them. Our Client Accounting Services provides a full accounting department that handles day-to-day services that would normally be managed in-house; but without the added hassles of hiring and retaining industry experts, keeping up-to-date on the latest accounting standards, and being constantly worried about internal controls. Our experience, along with your plans for your new products, will enable you to focus on the technical and medical aspects of your business while providing you the visibility into your financial activities from wherever you are.
Our pharma & biotech offerings are designed to align with your R&D cycle. Our packages are:
Phase 1
Industry standard Chart of Accounts, which can be modified based on unique needs and requirements
Tracking of preclinical contracts and spend management, using dimensional reporting
Budget to actual reports
Cash out reports
R&D tracking for federal and state tax credits
Phase 2
All of Phase 1 plus
Tracking of clinical trial contracts
Investor reports
Reforecasts
Phase 3
All of Phase 1 and Phase 2
Upon reaching commercialization, development of process for tracking/reporting inventory in the manufacturing process
Inventory management
Increased reporting metrics
Sunshine report tracking
Phase 4
Talk to us about creating your own customized package, sized to fit your organization
“We were a newly public company still running QuickBooks. We had new regulatory and auditing requirements and were not able to get effective accounting and reporting out of the QuickBooks system.”
– Arif Farooqui, Senior Accountant, Marinus Pharmaceuticals
Marinus Pharmaceuticals
Hear Arif Farooqui, Senior Accountant at Marinus Pharmaceuticals talk about how AcctTwo grew with the firm.
