“Bookminders provides the necessary reports and analysis that make the year-end closing and financial audit go smoothly.”
BioAdvance is a Greenhouse Program of the Commonwealth of Pennsylvania, whose mission is to grow the life sciences industry in Southeastern Pennsylvania. BioAdvance has invested over $16 million in 26 seed-stage life sciences companies and 17 pre-seed companies since its first investments in 2003.
BioAdvance Director of Finance Bob Driscoll says “We are an unusual combination of a non-profit organization operating as a venture capital firm. So, our accounting is complex, with unique issues. Fortunately, my bookminder is a very skilled accountant with a wealth of knowledge. She’s like having a good consultant—I can throw ideas at her and she gives me feedback based on how Bookminders handles similar issues for other clients.”
Driscoll notes that, “Bookminders provides the necessary reports and analysis that make the year-end closing and financial audit go smoothly.”
“BioAdvance doesn’t have enough bookkeeping work for a full time person. Outsourcing to Bookminders is perfect because we get a good, qualified person at a very affordable price. And we don’t have to worry about benefits, salary, office space, or having enough work.”
“I’m confident in my bookminder’s ability to handle the accounting and produce financial reports, so I am able to spend my time on higher level functions, like advising for our Greenhouse portfolio companies and assisting our venture partners.”