A CA’s Guide to Startup Financial Statements Before Fundraise
A Real Startup Fundraising Story That Went Wrong
Sir, we had the pitch call, and they liked our idea. But they backed out after seeing our financials.
That’s what Ankit, a young SaaS founder, told his CA after losing his first investor. The idea was good. The traction was real. But the numbers? Not investor ready.
Why Just Filing Taxes Isn’t Enough Anymore
Ankit, like many founders, believed that fundraising was about charisma and decks. But when investors asked for financials, everything crumbled.
His profit & loss statement was patchy.
No updated balance sheet.
Salaries paid in cash.
GST collected but not deposited.
His CA had handled basic filings, but not startup-grade financials.
When the investor saw this mess, they passed. Not because the startup wasn’t promising—but because the financials weren’t fundable.
That’s the harsh truth: funding decisions depend heavily on how your startup presents its financial statements.
What Happens When You Ignore Financial Hygiene
This isn’t just Ankit’s story. Thousands of Indian startups ignore their financial hygiene.
They run business through UPI, avoid proper invoicing, don’t reconcile bank accounts, and don’t prepare monthly MIS. By the time investors ask for documents, it’s too late.
The most painful part? These startups lose funding—not due to lack of potential—but because they didn’t follow a CA’s guide to startup financial statements before fundraising.
How the Right CA Makes All the Difference
There’s a difference between traditional accounting and being fundraise-ready. That’s where the right CA comes in.
A startup-savvy CA will:
Create clean Profit & Loss statements
Maintain investor-friendly balance sheets
Track CAC, LTV, burn rate, runway
Ensure GST, TDS, and PF compliance
Provide monthly MIS and revenue breakdowns
Clean up shareholder loans, ESOP entries, and cap table reporting
They don’t just file taxes.
They build trust through numbers.
This is why every founder needs a CA’s guide to startup financial statements before fundraise.
Want to Raise Funds? Always Be Ready in Advance
In the startup world, timing is everything.
If a VC likes your pitch and says, “Send me your financials”—you can’t take a week to prepare.
You must have:
Last 2-3 years of Profit & Loss
Audited Balance Sheet
Tax filings
GST returns
Cap table & ESOP summary
Loan documentation
Vendor and salary expense records
Forecasts and burn analysis
That’s why you need a CA’s guide to startup financial statements before fundraise built in advance.
When you’re ready in advance:
✅ You close faster
✅ You look professional
✅ You negotiate better terms
✅ You avoid embarrassment
Your Fundraising Financial Checklist (Don’t Skip This)
✅ P&L Statement
✅ Balance Sheet
✅ GST & TDS Filings
✅ Income Tax Returns
✅ MIS Reports
✅ Salary and Founder Loan Ledger
✅ ESOP Register
✅ Cap Table Summary
✅ Revenue Forecast
If you’re missing any of these, you’re not fundraise-ready yet.
Subheading with Focus Keyword
What a Startup-Focused CA Will Do Differently
Founders often underestimate how critical accounting becomes when real money is involved.
Investors don’t want to see “random” numbers. They want:
Accuracy
Compliance
Transparency
Which is exactly what a CA’s guide to startup financial statements before fundraising ensures.
You Have Two Choices Right Now – Only One Gets You Funded
You now have two clear options:
Option 1: Ignore this and Hope for the Best
Stick to basic CA filings. Hope no investor looks too closely at your books. Cross your fingers during due diligence.
But remember—investors walk away quietly when numbers don’t add up.
Option 2: Partner with Legal Suvidha and Get Fundraise-Ready
We’re not just a compliance partner. We’re your fundraising enabler.
With Legal Suvidha, you’ll get:
📌 Investor-grade financial statements
📌 Cap table & ESOP clarity
📌 GST + Tax + ROC readiness
📌 Strategic CA support who understands startups
⏳ Don’t wait until you lose an investor. Book a free startup audit with Legal Suvidha today.
Because being ready before they ask is the real advantage.
Connect with our Domain Expert or reach out via WhatsApp for instant help.
📱 Phone: 8130645164
📧 Email: [email protected]
🌐 Website: www.legalsuvidha.com
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