somesh@sschandak.com
Thane | Mumbai | Bangalore
Mon-Sat: 10AM-7PM

The startup monthly CFO retainer packages what a funded early-stage company actually needs from finance: the close and MIS discipline of a Virtual CFO, plus the startup-specific layer — runway math, investor updates, ESOP and cap-table hygiene, round readiness — in one accountable monthly engagement.

When this service is typically required

  • Post-fundraise, investors expect monthly reporting and someone owning finance
  • Founders are doing CFO work at midnight instead of building
  • Runway questions get answered from bank balance instead of forecast
  • The next round is 12–18 months out and the records must be ready for it

Indicative scope

  • Monthly close + startup MIS (burn, runway, cohort/unit views as relevant)
  • Investor-update numbers pack on your reporting date
  • 13-week and 12-month cash forecasts maintained
  • Cap-table/ESOP event support and diligence-file upkeep
  • Compliance calendar oversight across GST/TDS/ROC with the respective scopes

Key points at a glance

ItemPosition
CadenceFixed monthly rhythm with named deliverables
Startup layerBurn/runway, investor pack and round-readiness are first-class outputs
FoundationBookkeeping current (in scope or verified) — no MIS on mush
Scale pathDesigned to hand over cleanly to your first full-time finance hire

Deliverables

The monthly pack (MIS + burn/runway + variance notes), the investor-update numbers, maintained forecasts, and a quarterly readiness review against the next round’s checklist.

Information and documents generally required

System access, bank/gateway feeds, cap table and ESOP register, board/investor reporting formats, and the hiring plan.

Engagement process

01 · OnboardBooks, formats, calendar standardised.
02 · Monthly cycleClose → pack → founder review.
03 · QuarterlyRunway reset + readiness review.
04 · Handover-readyEverything documented for your future hire.

Client responsibilities, assumptions and reliance

Decisions stay with founders; numbers arrive with recommendations, not silence. Data flows on the agreed calendar — the retainer’s value dies with late inputs.

Scope exclusions

Fund-raising outcomes are not assured; statutory audit and valuations run under their own scopes; legal negotiation belongs with counsel.

Frequently asked questions

How is this different from the Virtual CFO service?

Same discipline, startup-tuned deliverables: burn/runway and investor packs are core here, and cap-table/ESOP events are in-scope rather than add-ons. Growth-stage SMEs usually fit Virtual CFO; funded startups fit this.

Can you talk to our investors directly?

Where founders want it, yes — numbers questions answered with the founder in the loop; the relationship stays yours.

What does round-readiness actually mean monthly?

The diligence file never rots: filings current, registers reconciled, data room maintained — so a term sheet triggers weeks of polish, not months of archaeology.

When should we hire a full-time finance lead instead?

When daily decisions need embedded finance — the quarterly review flags it honestly, and the handover pack is part of the design, not a hostage negotiation.

Discuss this requirement

The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.

Virtual CFO (SME)Cap TableDiligence & Data RoomRequest a Scope Discussion

This page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.

Compliance-grade books, by designAudit-trail (edit log) accounting software is mandatory for companies — and auditors must report on it. Clean monthly books are now a statutory posture, not a luxury.First-year compliance checklist →
Key due dates at a glance — FY 2026-27
ComplianceDueNote
Monthly closeBy the 10th (good practice)Feeds GSTR-3B, TDS and MIS on time
GST + TDS calendar11th / 13th / 15th / 20thBooks must be reconciliation-ready
Audit trail softwareMandatory for companiesRule 3(1), Companies (Accounts) Rules
MIS / cash-flow packMonthlyInvestors and banks expect it
Year-end audit prepFrom AprilSchedule III + ICAI disclosures

Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.

What's Included

  • Monthly close + startup MIS (burn, runway, cohort/unit views as relevant)
  • Investor-update numbers pack on your reporting date
  • 13-week and 12-month cash forecasts maintained
  • Cap-table/ESOP event support and diligence-file upkeep
  • Compliance calendar oversight across GST/TDS/ROC with the respective scopes

Our Process

1
Onboard

Books, formats, calendar standardised.

2
Monthly cycle

Close → pack → founder review.

3
Quarterly

Runway reset + readiness review.

4
Handover-ready

Everything documented for your future hire.

Get Started

Have questions about this service? Contact us for a free consultation.

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