River Edge Advisors is a CPA-led fractional CFO team for technology companies nationwide: monthly bookkeeping and close, accrual financials, revenue recognition support, SaaS and services metrics, cash and runway forecasting, and board and investor reporting, delivered by a CFO, a controller and an accounting team from a firm of 75+.
Tech companies past the founder-spreadsheet stage
We work with technology companies that have real revenue or real funding and no full finance department, or a small one that needs senior support:
- SaaS and subscription software companies with deferred revenue, annual prepaid contracts and metrics investors expect to see. Our SaaS accounting page goes deeper.
- IT services firms and managed service providers where recurring contracts, project work and hardware resale all sit on the same books and margin depends on utilization.
- Software development and digital agencies billing by project, retainer or time and materials, where work in progress and contractor costs decide whether a month was profitable.
- Tech-enabled services and marketplaces with payment processors, payouts and take rates that need to reconcile to the bank.
- Venture-backed startups, seed to Series B covered in detail on our startup accounting and fractional CFO page.
Accounting and CFO work, one team
Monthly bookkeeping and close
Transactions recorded and reconciled, bank, card and payment-processor accounts tied out, accruals and prepaids booked, and the books final on a fixed date each month.
Accrual financials and revenue recognition support
Monthly P&L, balance sheet and cash flow on an accrual basis, with deferred revenue and revenue recognized over the service period for subscriptions, retainers and multi-month projects.
Metrics that tie to the books
Recurring revenue, gross margin, customer churn, utilization for services teams, and cash burn, calculated from the same closed numbers as the financials so the board deck and the P&L agree.
Cash, runway and forecasting
A rolling cash forecast and operating budget that show what each hire, contract or delayed payment does to cash, updated after every close.
Board, investor and lender reporting
A consistent monthly or quarterly package: financials, KPIs, budget versus actual with explanations, and the decisions coming up.
Tax and valuation readiness
Books organized so your tax advisor and valuation provider get what they need: research and development costs tracked and documented for your tax advisor's R&D credit work, and clean financials for 409A valuations. River Edge prepares and supports this work; filings stay with your tax advisor.
AP, AR and payroll
Vendor bills and contractor payments on schedule, invoicing and collections, and payroll and benefits managed with your provider.
The numbers a tech company should see every month
- Gross margin. Revenue minus hosting, third-party software, support and delivery costs. It is the first number buyers and investors check.
- Recurring revenue and churn. What repeats, what was lost, and whether expansion from existing customers covers it.
- Burn and runway. Net cash out per month, and how many months the cash lasts at that pace.
- Customer acquisition payback. How many months of gross profit it takes to earn back what it cost to win a customer.
- Utilization and project margin. For services and agencies: billable hours against capacity, and margin by project or client.
- Days sales outstanding. How long customers take to pay, especially on annual and enterprise contracts.
A finance team, not just a bookkeeper
Tech companies usually choose between four models for finance. Here is how they differ.
| River Edge fractional CFO team | Solo fractional CFO | Bookkeeping-only service | Full-time CFO hire | |
|---|---|---|---|---|
| Who does the work | A CPA-led team: CFO, controller and accounting staff | One senior person | Bookkeepers, often working from software rules | One executive, who still needs a team under them |
| Monthly close and reconciliations | Done by the team, on a fixed date | Usually left to your bookkeeper | Yes, transaction-level | Managed by the CFO, done by staff you hire |
| Forecasting, board and lender reporting | Included, built on books the same team closed | Yes | Limited or none | Yes |
| AP, AR and payroll management | Available in the same engagement | No | Sometimes | Needs more hires |
| Coverage when someone is out | A team of 75+ behind your account | Depends on one person | Varies | Depends on one person |
| Industry depth | Healthcare, real estate, MCA and alternative lending, logistics, tech | Varies by individual | Generalist | Varies by hire |
| Commitment | A monthly engagement sized to the work | Part-time contract | Monthly subscription | Salary, benefits and a search |
A comparison by model, not by firm: every option has its place. The River Edge model fits companies that want senior finance judgment and the people who do the daily work, in one engagement, without building a department.
What this looks like in practice
Tech companies need the same thing our other clients needed: complete, reliable accounting and reporting without building a department too early.
SPV accounting and reporting, without an internal finance team
A client needed accounting and reporting for an SPV. We handled the accounting and reporting for the SPV, and the client did not need to hire an internal finance team.
Read the case study →A twelve-entity close, cut from six weeks to ten days
A healthcare group with twelve entities needed six weeks to close the books after each month-end. We handled the accounting and reporting across all twelve entities, and the close went from six weeks to ten days.
Read the case study →See every engagement on our case studies page.
Three steps, no rebuild required
Most tech companies come to us mid-stream, with books that are partly right and a raise, an audit or a board meeting on the calendar.
- Free review of last month's books. Send us last month's financials or give us read-only access. We walk you through what stands out: revenue timing, missing accruals, metrics that don't tie, and anything an investor or buyer would question.
- Cleanup and setup. If the history needs work, we catch up and correct it, set up the chart of accounts and reporting around how your business actually runs, and fix the close calendar.
- Monthly rhythm. Books closed on a fixed date, a reporting package you can act on, and fractional CFO time for planning, lenders, investors and the board as you need it.
Questions owners ask
Do you work with tech companies that are not venture-backed?
Yes. Many of the technology companies we serve are bootstrapped or profitable software, IT services and agency businesses. The work is the same: clean accrual books, a fixed monthly close, and CFO-level reporting and forecasting.
Can you handle revenue recognition for subscriptions and annual contracts?
Yes. We set up deferred revenue schedules and recognize revenue over the service period, so revenue, recurring revenue metrics and the financial statements tell the same story. Complex contracts are reviewed with your auditor when you have one.
Do you prepare R&D tax credit claims?
We prepare the books and supporting cost detail your tax advisor needs for research and development credit work and coordinate with them. The tax filing itself stays with your tax advisor.
Can you get us ready for a 409A valuation, an audit or due diligence?
Yes. We prepare reconciled financials, supporting schedules and the finance section of a data room, and work with your valuation provider and audit firm. We do not perform audits or valuations ourselves.
Do you work with tech companies outside New York?
Yes. River Edge Advisors is based in Cedarhurst, New York, and serves technology companies nationwide.
How do we get started?
Request a free review of last month's books. We will walk you through what stands out and what we would fix first, with no obligation.
See what your numbers say about the business
Send us last month's books. We'll walk you through what stands out: revenue timing, metrics that don't tie, and what an investor or buyer would ask about first.
- → Tell us about your business and the questions you want to answer.
- → We discuss what we see: where cash is going, what doesn't tie, what we'd fix first.
- → A follow-up conversation to walk through it. No obligation either way.