For SaaS founders and CFOs · Series A – C
Financial Clarity™
for venture-backed SaaS.
Monthly close, ASC 606 revenue recognition, R&D tax credits, and board-ready financials. One team. No rotating pod.
30+
SaaS clients
Series A – C
$500M+
client ARR
under management
$3M+
R&D credits filed
FY25
Trusted by SaaS founders at:
SaaS companies operate under accounting conditions GAAP was not designed for.
01Revenue is recognized over time, not at point of sale. Annual contracts collected upfront sit as deferred revenue for twelve months. R&D dollars compound into tax credits only when claimed correctly. By Series B, due diligence reviews go deep on revenue recognition — and find errors that reshape valuations.
02Most SaaS companies hire bookkeepers who treat the business like any other small business. The result is books that pass at seed and fail at Series B.
03Debit & Co treats SaaS accounting as its own discipline. ASC 606, deferred revenue waterfalls, cohort metrics, R&D credit positioning, and diligence-grade financial packages — built for the way SaaS companies actually scale.
When to engage Debit & Co.
Most engagements begin with three or more of these eight conditions.
- ARR growth is outpacing the bookkeeper’s ability to close.
Books delay 3 days per board-prep. CFO velocity loss. - Annual contracts are recognized at invoice rather than over the service period.
ASC 606 misstatement surfaces in Series B diligence. - Deferred revenue and unearned revenue are tracked manually in spreadsheets.
Reconciliation drift compounds quarterly. - Board meetings begin without a financial section drafted.
CFO credibility erodes board-by-board.
- Revenue recognition under ASC 606 has never been formally reviewed.
Diligence finding triggers valuation cut. - R&D tax credits have not been filed in the last two fiscal years.
~$1.4M typical recovery foregone ($10M ARR SaaS, FY26 avg). - A priced round is expected within 18 months. Diligence-readiness is uncertain.
Round delays 60-90 days under audit. - The current bookkeeper rotates account leads more than once a year.
Knowledge debt compounds. Onboarding repeats.
The Financial Clarity™ framework.
Three pillars. 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. Two delivery models.
Every SaaS engagement is composed of these six functions. The mix of Staff Accountants and Comprehensive Bookkeepers depends on team size and stage.
Revenue Recognition (ASC 606)
Deferred revenue waterfalls. Multi-element arrangements. Contract modifications. Standalone selling price analysis. Audit-ready documentation.
Pillar: Compliant · Delivered by: Staff Accountants
Monthly Close & Board Pack
Five-day monthly close. Reconciled to the dollar. Board financial section drafted ten business days before each meeting.
Pillar: Clean · Delivered by: Comprehensive Bookkeepers
Runway & Burn Modeling
Cash runway model maintained monthly. Burn multiple, gross burn, net burn calculated. Scenario layers for hiring, pricing, and fundraise timing.
Pillar: Clean · Delivered by: Staff Accountants
SaaS Metrics & KPI Reporting
ARR, MRR, gross retention, net retention, CAC, LTV, payback. Cohort views. Magic Number. Rule of 40. Reported in the same packet, every month.
Pillar: Communicable · Delivered by: Comprehensive Bookkeepers + Staff Accountants
R&D Tax Credits
Section 41 qualified research expense identification. Form 6765. Payroll-tax offset election for pre-profit companies. Filed alongside the annual tax return.
Pillar: Compliant · Delivered by: Staff Accountants
Fundraise & Diligence Readiness
Diligence data room maintained continuously. Three-statement model. Revenue recognition memo. R&D credit substantiation. Investor reporting cadence between rounds.
Pillar: Communicable · Delivered by: Staff Accountants
A sample monthly close packet, delivered to your inbox.
Representative page from a Series B SaaS engagement. ASC 606 footnotes, R&D credit accrual, board-ready format. Delivered by the 8th business day.
Single email. No newsletter signup.
✓ On its way.
Check your inbox in the next 2 minutes — sample sent from team@debitandco.com.
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Featured case · Masterworks · Fintech
“Debit & Co operates inside our Rippling + Betterment + Modern Treasury stack as a 7–8 hour weekly fractional partner. Payroll runs on schedule, treasury reconciles daily, and we kept strategic oversight in-house.”
Masterworks · New York City fintech
Zero
Payroll errors across Rippling + Betterment
Bi-weekly
Payroll + 401k on schedule
7–8 hrs/wk
Focused fractional execution
Leadership
The leadership behind your Financial Clarity™.
Founding Partner & Senior Controller
Aaron Ressel
20 years building high-performing accounting teams. Reviews every client deliverable for accuracy, GAAP compliance, and strategic value.
Founding Partner & CFO
Kevin Cahill
Brings seasoned CFO-level strategic insight to every engagement. Helps clients shift from reactive accounting to proactive financial management.
Where Debit & Co fits.
Specificity is a service. The list below is honest.
Engages well with:
- VC-backed SaaS, Series A through Series C
- $1M to $50M ARR
- Recurring revenue with annual or multi-year contracts
- Founders who want one team, not a rotating pod
- Companies expecting a priced round or audit within 18 months
- Delaware C-Corps with multi-state nexus
Not the right fit:
- Pre-revenue startups still on cash-only bookkeeping
- Agency or services businesses without recurring revenue
- Operations needing same-day chat support more than monthly precision
- Companies requiring full outsourced tax filing (Debit & Co partners with specialist tax CPA firms; coordination included)
Frequently asked.
We already have a bookkeeper. Why switch mid-year?
Most SaaS engagements begin between Q2 and Q3 — far enough from year-end to migrate without disruption, far enough before a Series B to fix revenue recognition under ASC 606. Migration takes 14 business days. The prior bookkeeper hands off; Debit & Co reconciles every account back to opening balance.
How is Debit & Co different from Pilot, Kruze, or Burkland?
Three differences. First: a single team per engagement, not a pod with rotating leads. Second: Staff Accountants who hold formal accounting credentials and can defend ASC 606 positions to auditors. Third: a published monthly cadence — close by day eight, board section drafted ten days before each board meeting.
Will Debit & Co handle ASC 606 if our auditor flags revenue recognition?
Yes. Revenue recognition memos are produced on engagement and refreshed each year. When auditors raise ASC 606 questions, Debit & Co provides the substantiation directly — without routing through the founder.
How fast is onboarding?
Fourteen business days from signed engagement to first close delivered. Onboarding includes prior-period reconciliation, ASC 606 baseline, deferred revenue waterfall reconstruction, and integration with QuickBooks Online, NetSuite, Mercury, Brex, Carta, or Maxio.
What’s included in the monthly close packet?
Reconciled P&L, balance sheet, cash flow. SaaS metric scorecard — ARR, NRR, gross margin, burn, runway, Magic Number, Rule of 40. Deferred revenue waterfall. R&D credit accrual. Board section in the months before each board meeting.
Does Debit & Co file taxes?
No. Debit & Co prepares the financial statements and R&D credit substantiation; a partner CPA firm files the federal and state returns. Coordination is included in the engagement.
How is pricing structured?
Pricing depends on transaction volume, entity complexity, and which of the two service models applies. Ranges and structure are discussed in the discovery call.
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.