Series B
Bookkeeping for Series B startups
By Series B the questions change from how fast you are growing to how efficiently. That is a finance function, not a bookkeeping one.
By Series B the questions change from how fast you are growing to how efficiently. That is a finance function, not a bookkeeping one.
At a glance
Series A asks whether you can grow. Series B asks what the growth costs. That is a different set of numbers, and producing them reliably is closer to a finance function than to bookkeeping.
Burn multiple — net burn divided by net new ARR — is the metric that answers it. It asks how many dollars you consumed to add a dollar of recurring revenue, and it is unforgiving of growth bought expensively.
You cannot compute it credibly without accrual books and a revenue schedule that holds up. Which is why companies that skipped the discipline at Series A end up reconstructing it here, under more scrutiny.
Whether triggered by an investor, a lender, or a customer's procurement process. An audit of years that were closed monthly is an expense. An audit of years that were not is a project, and the fee reflects it.
Each entity's books can be individually correct and the consolidation still wrong, because intercompany balances do not eliminate. It is invisible until someone consolidates properly, which is usually the auditor.
Monthly accrual close across entities, consolidation that eliminates properly, audit-ready records, and efficiency reporting a board can act on. Where you need judgement rather than throughput, our fractional CFO service covers it.