SaaS Metrics School

When Should Founders Fire Themselves as the CFO?


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At what point should a founder stop running finance and accounting and hand the numbers to an expert?

In episode #328, Ben Murray walks through the inflection points when SaaS founders should consider hiring a bookkeeper and/or fractional CFO to protect data accuracy, improve forecasting, and strengthen company valuation. You’ll learn the warning signs that your financial systems and reporting are holding back growth—and how to build a finance function that scales with your business.

What You’ll Learn

  • When to hire help by ARR stage
  • Monthly close discipline: Why closing your books every month—accurately—is critical for investor trust.
  • Accrual vs. cash accounting: How switching methods reveals true business performance.
  • COGS clarity: Setting up a SaaS P&L that separates revenue streams, COGS, and OPEX for real gross-margin insight.
  • Retention readiness: Why your MRR schedule (revenue by customer by month) is worth its weight in gold.
  • Cash-flow forecasting: How to move beyond the bank-balance mentality to proactive cash planning.
  • Investor presentation: Ensuring your metrics, slide deck, and financial statements tie together cleanly.
  • Why It Matters

    • For Founders: Delegating finance isn’t failure—it’s a strategic step toward sustainable scaling and higher valuation.
    • For CFOs and Advisors: Knowing these trigger points helps you coach founders on financial readiness.
    • For Investors: A disciplined monthly close and clean P&L build confidence in revenue quality and forecasting accuracy.
    • Key Takeaways

      • Growth dictates urgency: the faster you scale, the earlier you need finance expertise.
      • A bookkeeper should close the books by mid-month to avoid costly cleanup later.
      • Move to accrual accounting to show economic performance and support fundraising.
      • Create an accurate MRR schedule to prove retention and ARR health to investors.
      • Build a basic forecast to manage cash runway and hiring decisions with confidence.
      • Resources Mentioned

        SaaS Metrics Foundation Course: https://www.thesaasacademy.com/the-saas-metrics-foundation

        Finance 101 for Founders: https://www.thesaasacademy.com/finance-101-for-saas-founders

        Quote from Ben

        “Just like I couldn’t go in and code your product, most founders can’t scale as CFO. At some point, finance needs a specialist so the business can keep growing on solid data.”

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        SaaS Metrics SchoolBy Ben Murray

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