For founders raising a seed or Series A
Raise-ready financials,
before diligence opens.
Investor- and board-ready P&L, balance sheet, and cash flow — clean every month, not scrambled during the round. The Continuous Close Method™ keeps your books diligence-ready.
A term sheet moves on the investors’ timeline, not your bookkeeping’s.
01Diligence opens on its own schedule. When it does, a controller asks for a current P&L, balance sheet, and cash flow — recognized under ASC 606, with metrics that tie back to the ledger. Books that close in weeks instead of days cannot answer in the window the round allows.
02Most early-stage founders treat the books as a year-end tax chore. The result is reporting that passes a tax filing and stalls a raise — cash-basis revenue, ARR in a spreadsheet, no audit trail back to source documents.
03Debit & Co. keeps the books diligence-ready every month, not in a pre-round sprint. ASC 606 revenue recognition, reconciled three-statement financials, SaaS metrics tied to the ledger, and a board pack and data room maintained between rounds — the numbers are already done when the round starts.
You’re not raise-ready if…
Most stalled raises share three or more of these eight conditions.
- Your books run more than one month behind.
Diligence opens before you can reconcile. - No monthly P&L, balance sheet, or cash flow statement.
Investors read three months of nothing. - Revenue sits on a cash basis, with no ASC 606 recognition.
Reported ARR won’t survive a controller’s review. - You can’t produce a board-ready financial pack on request.
The ask stalls while you assemble it by hand.
- ARR, CAC, and churn live in a spreadsheet, not the books.
Metrics and financials disagree under scrutiny. - Your last close took weeks, not days, to finish.
A 48-hour data request becomes a two-week scramble. - No audit trail ties your numbers back to source documents.
Diligence questions reopen line items one by one. - You personally assemble the data room every funding cycle.
Forty hours leave the fundraise for cleanup work.
The Financial Clarity™ framework.
Three pillars behind the due-diligence-ready books funded startups rely on. Every engagement maps to them.
01
Clean.
Books that reconcile to the dollar. Monthly close by the 8th business day. Deferred revenue, accruals, prepayments, and intercompany handled correctly the first time.
02
Compliant.
ASC 606 revenue recognition. R&D tax credits filed. Sales tax nexus tracked. Audit-ready by default — not as a sprint before a priced round.
03
Communicable.
Financial packages a board, an investor, or an acquirer can read. Monthly close packet. Quarterly board section. Investor data room maintained between rounds.
Staff Accountants and Comprehensive Bookkeepers deliver against each pillar in two distinct engagement models.
Six functions behind raise-ready books.
Every engagement is composed of these six functions. The mix of Staff Accountants and Comprehensive Bookkeepers depends on your stage and how close the round is.
Monthly Close & Three-Statement Reporting
A reconciled P&L, balance sheet, and cash flow statement every month — closed in 5–7 days, not weeks. The numbers an investor opens first, already current.
Pillar: Clean · Delivered by: Comprehensive Bookkeepers
Revenue Recognition (ASC 606)
Revenue moved off a cash basis and recognized under ASC 606. Deferred revenue, contract terms, and accruals handled correctly — so reported ARR survives a controller’s review.
Pillar: Compliant · Delivered by: Staff Accountants
SaaS Metrics Tied to the Ledger
ARR, CAC, and churn reported alongside the financials and tied to the underlying ledger. Metrics and books agree, so a diligence question on one reconciles against the other.
Pillar: Communicable · Delivered by: Both
Board Pack & Investor Reporting
A board-ready financial section drafted each quarter and investor reporting maintained between rounds — produced on cadence, not assembled by hand the night before a meeting.
Pillar: Communicable · Delivered by: Both
Diligence Data Room
A diligence data room maintained continuously — reconciled statements, revenue recognition memo, and audit trail back to source documents. When a term sheet arrives, the materials are already current.
Pillar: Communicable · Delivered by: Staff Accountants
Runway & Burn Modeling
A cash runway model maintained monthly. Gross burn, net burn, and runway calculated, with scenario layers for hiring and fundraise timing — the question every investor asks, answered before they ask.
Pillar: Clean · Delivered by: Staff Accountants
Featured case · B2B SaaS
“By month 3, we finally saw where our margins were bleeding. The Continuous Close Method uncovered $180k in redundant vendor costs we’d been carrying for years.”
CEO · $22M B2B SaaS Company
$180k
Redundant vendor cost recovered
Month 3
Margin breakthrough
6-day close
Down from 22 days
Where Debit & Co. fits.
Specificity is a service. The list below is honest.
A good fit:
- Raising a seed or Series A in the next 3–9 months.
- SaaS or professional-services business model.
- Roughly $1–20M ARR, or recent first revenue.
- Books must survive investor diligence, not just tax filing.
- You want monthly investor-ready reporting, not a year-end scramble.
Not the right fit:
- Not raising, with no board or investors to report to.
- Pre-revenue, with no transactions to record yet.
- You need only a tax return, not ongoing books.
- You want software to buy, not a finance team.
Frequently asked.
How fast can you get us raise-ready?
Most engagements reach a clean monthly close within 60–90 days. Foundation phase (Weeks 1–3) corrects the books; Rhythm phase (Weeks 4–8) sets the cadence. By Month 3, the close runs in 5–7 days and the numbers hold up in diligence.
Do you handle ASC 606 revenue recognition?
Yes. We move revenue off a cash basis and recognize it under ASC 606 — deferred revenue, contract terms, and accruals handled correctly. Reported ARR then ties to the books and survives a controller’s review.
Can you build the data room and board pack?
Yes. We maintain a monthly close packet, a quarterly board section, and an investor data room between rounds. When a term sheet arrives, the diligence materials are already current, not assembled in a weekend.
Which metrics do you report — ARR, CAC, churn?
We report ARR, CAC, and churn alongside your P&L, balance sheet, and cash flow — each tied to the underlying ledger. Your metrics and financials agree, so a diligence question on one reconciles against the other.
How do you get books due-diligence ready?
We reconcile every account to the dollar, move revenue onto ASC 606, and tie ARR, CAC, and churn back to the ledger — then keep a monthly close packet and data room current between rounds. The result is due-diligence-ready books an investor can open without finding a surprise.
What financials do investors expect before a round?
A current P&L, balance sheet, and cash flow statement on a monthly cadence; revenue recognized under ASC 606; and the SaaS metrics — ARR, CAC, churn — tied to those statements. Funded startups also keep a maintained data room so diligence opens against numbers that are already done.
Ready for Financial Clarity™?
Book a 30-minute discovery call. Tell us your situation, we’ll be honest about fit, and you get a custom proposal in 48 hours.