Future-Proof Your Startup’s Finances
Strategic financial guidance is in your reach from seed to scale. Burkland’s outsourced CFO services help startups grow efficiently and confidently.
- Strategic Planning
- Financial Modeling
- Financial Planning & Analysis
- Business Intelligence
- Business Plan Development
- Mergers & Acquisitions
- Cap Table Management & Planning
- Accounting & Controls
- Tax Preparation
CFO Services for Startups
Strategic Financial Planning
Burkland works with startups to develop a strategic financial plan from seed to scale. We help establish business priorities and plans related to:
- CFO Services
- People resources allocation
- Alignment across the company
- Strengths, weaknesses, opportunities and threats (SWOT)
- Key financial metrics
- Change management
Planning increases the odds of success and helps sharpen organizational focus. We also know that in startup life, plans may need to adapt quickly in the search for product-market fit, and we assist in change management.
Burkland creates both top-down Total Addressable Market (TAM) and bottom-up P&Ls. Our models have the details required for informed decision-making, without being so complex as to prevent easy comprehension and revisions. Our financial simulations provide important decision support for startups during rapid growth cycles.
Financial Planning & Analysis
Burkland prepares budget vs. actual reports and analyzes key metrics for startups. Our monthly process includes:
- Balance sheet
- Cash flow statements (to understand burn)
- Alignment across the company
- Sources and uses of cash
- Months of cash left
- Cohort analysis (where applicable)
Startup life is often unpredictable. Monthly financial analysis introduces timely data that supports informed decision-making in certain as well as uncertain times.
LTV, CAC, CAC payback, MRR, ARR, pipeline, bookings, revenue, deferred revenue, TCV, ACV, COGS, GM, MAU, CMGR, churn, burn, the list goes on. Burkland pulls all critical financial metrics together. We identify which metrics matter, track them, and chart them. Our CFO services allow startups to understand business performance better and provide data for quarterly investor reporting.
Burkland CFO services help raise capital for startups. While we can’t guarantee fundraising success, we can and do make introductions to the venture capital community. We work with founders to determine how much and what type of capital to raise, including:
- Convertible Debt
- Priced Rounds
- Venture Capital
From pitch decks, to supporting due diligence work, to networking with VCs, we help secure needed funds.
Mergers & Acquisitions
Burkland actively engages in the extensive due diligence work required during M&A transactions. During the process, we are on call 24x7, knowing that information requests can come at any time. Along with a startup client's lawyer, we analyze deal terms and assist in negotiations.
Cap Table Management & Planning
Burkland keeps startup company's cap tables current for funding rounds and stock option awards. We oversee the process of:
- Option grants and exercises
- Form 3921 reporting
- 83B elections
- QSBS tax exclusions
As part of fundraising support, we assess the impact of round sizes by modeling founder and investor dilution. We help prepare, financially, for what is ahead.
Startup Tax Audit Support
Audits can be either a distracting time sink or an efficiently managed learning process for startups. Burkland tax services help ensure that startups maintain accurate and complete financial records year-round. This makes the audit process more about document provision than document discovery. Or, more time consuming still, document and policy creation. Burkland helps set up the data room, fills it with requested documents, and responds to auditor questions. Plus, we recommend and implement process improvements ahead of subsequent audits.
Financial Process Improvements
Growing a startup from seed to scale is a constant process of focus, review, re-prioritization, and refocus. We understand that it can be difficult for startups to prioritize business processes over finding product-market fit and getting to market. Our outsourced CFOs work with startups to prioritize and implement the key financial systems for each stage of the growth curve. When funding closes and growth explodes, the necessary systems and procedures are already in place.
Startup Compensation Planning
Attracting and hiring top talent is key to every startup's success. Burkland CFOs help startups to structure compensation plans (base salary, variable, and equity) that align job priorities with financial incentives to excel. Our compensation work is competitive in the marketplace and internally equitable. We help assess the impact of hiring decisions on the financial model and cap table.