We’re fluent in startup finance. Now you can be too.

Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.

Oops! Something went wrong while submitting the form.
GAAP (Generally Accepted Accounting Principles)

What is GAAP?

The Generally Accepted Accounting Principles (GAAP) is a framework of accounting standards, rules, and procedures defined by the professional accounting industry and used by publicly traded companies.

GAAP helps ensure consistency and transparency in companies' financial statements, making it easier for investors, creditors, and others to understand and compare financial information across companies. While GAAP is mandatory for publicly traded companies in the U.S., privately held companies also often follow GAAP to enhance their credibility with potential investors and lenders.

Need help with other finance or startup questions?

Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.

We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.

See what Pilot can do for you

Get the peace of mind that comes from partnering with our experienced finance team.

Oops! Something went wrong while submitting the form.