We assist companies with IPOs, technical accounting, and SEC Reporting. Our name, Nextstep, signifies that next great milestone in the lifecycle of a business. Our mission is to make our clients look great.

Our No Bullsh*t Promise

We promise to be fair, transparent and always do what we say.

Our People

We have a wide range of experience including some with unrivaled IPO experiences, some with significant Big4 experiences, and others with specific industry experience. With this, our people have worked on virtually every imaginable technical accounting issue and transaction. Not to mention, everyone at Nextstep adheres to a strict no a**hole policy.

Our Services

Flexible – sensitive to your timing

Capable – nothing we can’t do

Tailored – we can do the work however you like (i.e., deep dive, high-level review, anything in between)


Our IPO services primarily consist of drafting the S-1 and F-pages, preparation of quarterly financial statements, and responding to SEC comments. More specifically, we can:

  • Draft public company financial statements and footnotes to be included in a Form S-1.
  • Draft MD&A including the results of operations, key metrics, opportunities and challenges, liquidity, quarterly results, and critical accounting policies including cheap stock.
  • Draft all other financial sections of S-1 including the summary (Box) data, selected data, use of proceeds, capitalization, and dilution.
  • Assist with preparation of S-1 and F-page tie-out binder.
  • Assist with quarterization of annual financial information.
  • Draft SAS 100 compliant quarterly financials.
  • Develop IPO roadmap and project plan.
  • Assist with the SEC comment letter responses.
  • Assist with technical accounting and audit support in advance of, during, and following the IPO.
  • Assist with technical accounting and SEC reporting in quarters following IPO.

Technical Accounting

Our technical accounting services primarily consist of researching, analyzing, and documenting the accounting implications and conclusions of complex business transactions. More specifically, we can:

  • Assist with research and analysis of technical accounting issues related to complex business transactions including, but not limited to, stock-based compensation arrangements, complex debt transactions, complex equity transactions including preferred stock and warrant issuances, revenue recognition, business combinations and consolidation, divestitures, segments, EPS, foreign exchange matters, leases, and asset impairments.
  • Draft technical accounting memorandums.
  • Assist with transition and implementation of the new revenue guidance under ASC 606.
  • Assist with M&A transactions, including opening balance sheet, purchase price allocation, and Rule 3-05 financial statements.
  • Assist with other complex events such as restatements, spin-offs, and divestitures.

SEC Reporting

Our SEC Reporting services primarily consist of assisting with the financial close process and drafting quarterly and annual SEC filings. More specifically, we can:

  • Draft required SEC filings including, but not limited to, Form 10-K, Form 10-Q, and Form 8-K.
  • Assist with technical accounting and audit support.
  • Assist with analysis and implementation of Accounting Standards Updates (ASUs).
  • Assist with EDGAR and XBRL disclosure process.
  • Ensure compliance with regulatory requirements as set by GAAP, SEC, FASB, and Sarbanes-Oxley.
  • Assist with Sarbanes-Oxley Act (SOX) requirements including SOX 302 and 906 certification.
IPO Technical Accounting SEC Reporting
Nextstep provides consulting services and is not certified as an accounting firm by the State of California.

Nextstep in the News

Should You IPO?

CFO Magazine | By Keith Button on February 20, 2018

The number of U.S. tech IPOs over the past few years has been disappointingly low, and that trend could continue. Investors hoping to catch an early ride on the next Facebook or Google initial public offering may be waiting a long time. On the issuer side, fewer startup employees and C-suite executives may have a chance at realizing their IPO dreams.

If Snap, owner of Snapchat, had performed better after its March 2017 IPO — it went public too early with a valuation that was way too high, analysts claim — more tech IPOs probably would have launched in 2017, says Barrett Daniels, CEO of Nextstep Advisory, an IPO adviser in Burlingame, Calif.

Contact Us

1290 Howard Avenue, Suite 320
Burlingame, CA 94010
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For Inquiries:

Call: 650.242.1032
Email: info@nextstepadvisory.com