Prepare the investor or board finance update
Cash, burn, runway and key metrics drafted for investors each month.
Finance · On a schedule · Updated
Works with
- Slack
- QuickBooks
- Xero
- Stripe
- PayPal
Slack
QuickBooks
Xero
Stripe
PayPalHow do you prepare the investor or board finance update?
To prepare the investor or board finance update, set up a Loop in Maito. Each month it reads cash and burn from QuickBooks or Xero and revenue from Stripe or PayPal, calculates runway, compares with plan, flags timing effects that distort a figure, and drafts the update for you to edit.
How it's done today
Founder pulls numbers late at night.
What Maito does
- Pull cash, revenue and burn
- Compare with plan
- Draft the update
Example
Loop run: Oct 5 8:00 AM · Investor update draft
Draft numbers for the September update. • Cash: $3.2M, down $138k. • Net burn: $140k, against a plan of $155k. • Runway: 23 months at the 3-month average. • Revenue: $412k, up 6% and 2% under plan. • Stripe MRR: $398k, with 14 new customers and 5 churned. Catch: net burn looks better than plan only because a $38k annual insurance payment moved to October. With it, burn would be $178k and runway 18 months. Last month's update told investors 24 months, so this one should explain the change. Source: QuickBooks, closed Oct 4, and Stripe. Revenue in QuickBooks is $14k above Stripe, mostly invoiced customers.
@Maito write 3 sentences on the insurance timing for the opening paragraph.
Here is a draft: "September burn was $140k, helped by a $38k annual insurance payment that moved to October. Excluding timing, burn was about $178k and runway is closer to 18 months. We expect October to show the payment and are holding our hiring plan." Please check the hiring line, since I took it from the plan.
Maito (8:00 AM):
Draft numbers for the September update.
• Cash: $3.2M, down $138k.
• Net burn: $140k, against a plan of $155k.
• Runway: 23 months at the 3-month average.
• Revenue: $412k, up 6% and 2% under plan.
• Stripe MRR: $398k, with 14 new customers and 5 churned.
Catch: net burn looks better than plan only because a $38k annual insurance payment moved to October. With it, burn would be $178k and runway 18 months. Last month's update told investors 24 months, so this one should explain the change.
Source: QuickBooks, closed Oct 4, and Stripe. Revenue in QuickBooks is $14k above Stripe, mostly invoiced customers.
Kate (8:35 AM):
write 3 sentences on the insurance timing for the opening paragraph.
Maito (8:37 AM):
Here is a draft: "September burn was $140k, helped by a $38k annual insurance payment that moved to October. Excluding timing, burn was about $178k and runway is closer to 18 months. We expect October to show the payment and are holding our hiring plan." Please check the hiring line, since I took it from the plan.
How to set it up
- Ask your agent
“On the 5th of each month, draft the investor update numbers from QuickBooks and Stripe: cash, burn, runway, revenue against plan. Send the draft to me by email.”
- Connect accounting software
- QuickBooks
- Xero
- Connect billing
- Stripe
- PayPal
Not connected yet? Your agent sends you a link to sign in.
What it won't do
Maito drafts from the numbers in your tools. Forecasts and any forward-looking statements to investors are for you and your advisors to decide.
Questions
QuickBooks or Xero for cash and burn, and Stripe or PayPal for revenue.
No. It drafts it for you. You edit and send it.
Yes. Ask for a few sentences on any item, such as why burn beat plan, and it writes it from the data.
