Clear books.Clear runway.
LedgerIt is accounting for venture-backed startups. Agents keep a double-entry ledger as money moves, close the month on the first, and answer any question about your numbers with the evidence attached. You approve what matters.
Books caught up in 5 business days. After that, a few approvals a week.
Charges landEvery bank and card charge is read, matched and filed as it happens.
Connects to the stack you already run on
- Bank
- Cards
- Cards
- Revenue
- Payroll
- Payroll
- Cap table
- Import
01Ask
Ask your books anything.
Type a question about cash, revenue, burn or tax. The answer is read from your ledger, with the entries and documents it came from.
Answer
At September's cash and the last three months of net burn, cash lasts to April 2028.
- Cash on hand
- $4,212,480.00
- Net burn, 3-month average
- −$221,710.00
02Charges
Every charge, filed the moment it lands.
Card and bank charges stream in as they happen. The merchant is read, the receipt matched, the category proposed, and anything that recurs is tracked to its next renewal, so month end has nothing left to chase.
- Slack, filed to Software
- Uber, filed to Travel
- GitHub, filed to Software
- Starbucks, filed to Meals
- Figma, filed to Software
- Notion, filed to Software
03Approvals
Agents do the bookkeeping. You approve.
Every transaction is filed as it happens: by a rule you own first, then by a model, and by a person when it is large or uncertain. What reaches you is one line with the posting and the evidence already attached.
Wire from Northwind Ventures to SAFE notes
Model, 98% sure. Held: above your $50,000.00 threshold
As the bank printed it
WIRE IN NORTHWIND VENTURES II LP FED 0912
Posting
| Account | Debit | Credit |
|---|---|---|
| 1010Mercury checking | $1,500,000.00 | |
| 2300SAFE notes | $1,500,000.00 | |
| Total | $1,500,000.00 | $1,500,000.00 |
Evidence
SAFE agreement, signed Sep 12
- Rules first, then a model
- A rule beats a model on every case it covers: free, instant and readable. Three consistent decisions about a merchant become a rule you can see and edit.
- Two gates before anything posts
- Confidence and an independent materiality ceiling. A model 99% sure about a $400,000 wire still waits for a person.
- Every decision on the record
- Each entry records whether a person, a rule or a model made it, and why. Nothing is updated or deleted: corrections are reversals.
04Memory
Answer once.Your books remember.
Every answer you give is kept as a rule in your own words, so the books learn how your company runs: which account, which person, which paper to expect. The agents follow it from the next transaction on, so a question answered in September is not asked in October.
Sep 12, 2026. Asked once.
In your words. Yours to edit.
Oct 12, 2026. Nobody asked.
- Asked once
- Answer a question about a transaction and tick “Do this every time”. The answer is stored as a rule on that vendor, with the memo words and the paper you named, and the question does not come back.
- Learned from what you do
- A cardholder you name once is named on every charge after, and an exception you dismiss with a reason widens that vendor’s tolerance. The agents learn from what you did, never from a guess.
- In words, and yours
- Every rule is written in words, on your books alone. Read it, edit it or turn it off, and the agents follow the change from the next transaction.
05The close
The month closes on the first.You sign off.
Everything that makes a close slow happens while the month is still open: filing, matching, accruals, reconciliation. What is left on the first is a checklist that runs in minutes, a review by your accountant and your signature.
- the month is closed, not the 15th
- Day 1
- of transactions filed by your own rules
- 94%
- spreadsheets to keep in step
- 0
- Bank and card feeds syncedMercury, Brex and Ramp to Sep 308:00 AMAgent
- Every transaction filed1,284 of 1,284, 1,211 by your rules8:01 AMAgent
- Transfers matched38 pairs, each counted once8:01 AMAgent
- Stripe tied outProcessor receivable nets to $0.008:02 AMAgent
- Payroll posted2 pay runs, split by function8:02 AMAgent
- Accruals and prepaids posted7 entries, reversing Nov 18:03 AMAgent
- Deferred revenue released$31,450.00 earned in September8:03 AMAgent
- Bank reconciled4 accounts, difference $0.008:04 AMAgent
- Reviewed by your accountantMaya Chen, CPA10:40 AMAccountant
- Signed offLocks September for good11:05 AMYou
06Revenue
Know exactly what your ARR is.
Stripe payouts are not revenue, and cash is not ARR. Revenue is recognized as it is earned, the way an investor's diligence team will count it, every month, from closed books.
ARRJan 26 × 12
$3,220,800.00$3,220,800.00
Point at a month
Annualize January's cash and you report $3,220,800.00 of ARR, 2.3 times what was earned. Annual plans renew in January and July.
| Month | Cash received | Revenue earned |
|---|---|---|
| October 2025 | $91,200.00 | $98,400.00 |
| November 2025 | $97,800.00 | $103,100.00 |
| December 2025 | $118,600.00 | $108,900.00 |
| January 2026 | $268,400.00 | $115,200.00 |
| February 2026 | $104,300.00 | $121,800.00 |
| March 2026 | $119,700.00 | $129,400.00 |
| April 2026 | $128,900.00 | $137,100.00 |
| May 2026 | $139,200.00 | $144,300.00 |
| June 2026 | $147,800.00 | $151,600.00 |
| July 2026 | $301,500.00 | $161,900.00 |
| August 2026 | $158,400.00 | $171,300.00 |
| September 2026 | $179,150.00 | $182,400.00 |
- Payouts split, not netted
- Each payout posts as what customers paid, what Stripe kept and what was refunded, so fees land in cost of revenue and never hide inside it.
- Annual plans recognized as earned
- Daily proration by default, because billing on the signup anniversary straddles month ends by construction.
- Revenue by customer, always
- Net revenue retention, expansion and churn come from the same entries as the income statement, so they cannot disagree.
07Runway
Runway you can defend in a board meeting.
Runway is only as good as the burn under it. Yours starts from closed, reconciled books, and the plan on top of it is yours to change. Move a slider and every month re-projects.
4 engineers, one a month
4%
No raise
Starts from the September close: $4,212,480.00 in cash, $221,710.00 of net burn. Each engineer costs $16,500.00 a month, loaded.
Your plan
20.8 months
Cash out June 2028
Today's burn, held flat
19.0 months
| Month | Your plan | Today's burn, held flat |
|---|---|---|
| October 2026 | $4,212,480.00 | $4,212,480.00 |
| November 2026 | $3,990,770.00 | $3,990,770.00 |
| December 2026 | $3,758,542.72 | $3,769,060.00 |
| January 2027 | $3,516,037.4688 | $3,547,350.00 |
| February 2027 | $3,263,503.127552 | $3,325,640.00 |
| March 2027 | $3,001,198.53265408 | $3,103,930.00 |
| April 2027 | $2,745,892.87396024 | $2,882,220.00 |
| May 2027 | $2,497,866.10891865 | $2,660,510.00 |
| June 2027 | $2,257,409.3932754 | $2,438,800.00 |
| July 2027 | $2,024,825.52900642 | $2,217,090.00 |
| August 2027 | $1,800,429.43016667 | $1,995,380.00 |
| September 2027 | $1,584,548.60737334 | $1,773,670.00 |
| October 2027 | $1,377,523.67166827 | $1,551,960.00 |
| November 2027 | $1,179,708.858535 | $1,330,250.00 |
| December 2027 | $991,472.572876404 | $1,108,540.00 |
| January 2028 | $813,197.95579146 | $886,830.00 |
| February 2028 | $645,283.474023119 | $665,120.00 |
| March 2028 | $488,143.532984044 | $443,410.00 |
| April 2028 | $342,209.114303406 | $221,700.00 |
| May 2028 | $207,928.438875542 | $0.00 |
| June 2028 | $85,767.6564305637 | $0.00 |
| July 2028 | $0.00 | $0.00 |
| August 2028 | $0.00 | $0.00 |
| September 2028 | $0.00 | $0.00 |
| October 2028 | $0.00 | $0.00 |
| November 2028 | $0.00 | $0.00 |
| December 2028 | $0.00 | $0.00 |
| January 2029 | $0.00 | $0.00 |
| February 2029 | $0.00 | $0.00 |
| March 2029 | $0.00 | $0.00 |
| April 2029 | $0.00 | $0.00 |
| May 2029 | $0.00 | $0.00 |
| June 2029 | $0.00 | $0.00 |
| July 2029 | $0.00 | $0.00 |
| August 2029 | $0.00 | $0.00 |
| September 2029 | $0.00 | $0.00 |
| October 2029 | $0.00 | $0.00 |
08Investor-ready
Every number traces to the bank line behind it.
Open any figure in the board pack. It unfolds into what it is made of, down to the entry, the line the card feed printed and the invoice. The question every diligence team asks, answered before they ask it.
Open any figure to see what it is made of
Board pack
- A data room built as you go
- Statements, close packages and revenue by customer are filed at every close, so nothing is assembled under pressure.
- Shared with a link
- Each investor gets their own link. See who opened what, and switch it off when the round closes.
- The board deck writes itself
- ARR, burn, runway, burn multiple and the statements, from the closed month, in the order your board reads them.
09Startup tax
Pay less tax, and never miss a deadline.
R&D credits claimed, Delaware franchise tax filed on the method that costs the least, and a note before each deadline saying the one thing needed from you.
10,000,000
8,200,000
$4,600,000.00
Authorized shares method
What the state's notice asks for
Assumed par value capital method
Gross assets over issued shares, times authorized shares
What LedgerIt files$82,765.00 less, for the same company
An estimate, before the $50.00 annual report fee. The filing uses the gross assets on your December 31 balance sheet.
Federal return, with the R&D credit
Oct 15, 2026in 14 days
1099-NEC for 14 contractors
Jan 31, 2027in 122 days
Delaware franchise tax and annual report
Mar 1, 2027in 151 days
California franchise tax
Apr 15, 2027in 196 days
10The ledger
A ledger that refuses to be wrong.Try to break it.
The rules of double-entry are enforced by the database itself, not by whichever code happens to write today. Change a number, post into a closed month or edit a posted line, and Postgres refuses.
100%
of entries balance, or they are refused
0
edits to a posted line
0
postings into a closed month
2
sides to every cent
Memo
Cloudflare, annual plan
| Account | Debit | Credit |
|---|---|---|
| 1300Prepaid expenses | ||
| 2110Brex card | ||
| Total | $2,916.00 | $2,196.00 |
Out of balance by $720.00
Database log
- Waiting for a posting
Journal
- JE-1042Oct 1$27,640.18
11Control
Built to be trusted with the books.
View-only connections
LedgerIt reads your bank, cards, payroll and Stripe. Nothing it connects to can move money.
Roles and approvals
Owners, admins, accountants, members and viewers, and a threshold above which a person must approve.
An append-only audit trail
Who or what made each decision, when and why: a person, a rule or a model. The log cannot be edited.
Encrypted credentials
Connection keys are encrypted at rest, and receipts open only through signed links that expire.
Yours to take
The statements and the general ledger export to CSV and PDF at any time, formatted for your auditor.
A named accountant
A CPA reviews every close in your Slack and handles the filings. Your own firm can have a seat too.
12Getting started
Caught up in five business days.
Day 1
Connect
View-only access to your bank, cards, payroll and Stripe. About ten minutes.
Day 2
History imported
Every transaction since incorporation, or your QuickBooks file, deduplicated across sources.
Days 3–4
Books caught up
Agents file what rules and history decide. Your accountant resolves the rest with you.
Day 5
First close
Your real ARR, burn and runway, and a list of everything that was missed.
13Support
A bookkeeping firm gives you an accountant.LedgerIt also gives you an FDE.
Your FDE, or forward-deployed engineer, is a person on the LedgerIt team who works inside your stack. They connect the systems your numbers come from, turn how your business works into rules, and fix a wrong number where it starts.
Accountant
Works on the numbers
- Reviews the books and signs off the close
- Makes the judgment calls: revenue recognition, accruals, what to capitalize
- Explains what the numbers mean for you and your board
You keep this. Your accountant works in the same ledger you do.
FDE
Works on where the numbers come from
- Connects every source, including the ones with no integration yet, through the API
- Maps your pricing, entities and chart of accounts into rules the agents follow
- Builds the reports and exports your board and investors ask for
- Traces a wrong number to the system that sent it, and fixes it there
Why it matters
Most errors in a startup's books start upstream: a Stripe product set up two ways, a card with no owner, a payroll export without departments. An accountant corrects the entry every month. An FDE fixes the source once, and the next month is right on its own.
“Two years of catch-up and our first close took five business days. The board deck and the return our CPA files now come from the same ledger.”
Daniel Okafor
CEO, Fieldline
1 of 3
14Questions
What founders ask first.
No. Every connection is view-only. LedgerIt reads transactions and balances; paying and transferring stay in your bank.
15The long game
Books that scale with you.From the first wire and every round after it, one ledger you never rebuild.
ARRSeptember 2026
$2,188,800.00$2,188,800.00
Point along the curve to read any month
Create an account, and get back to building.
Send view-only access to your bank, payroll and Stripe. In 5 business days you have your books caught up, your real ARR, your runway and a list of what was missed.