Industry · SaaS & Tech
SaaS bookkeeping — Canada & USA —
built for startups that need investor-ready books.
SaaS has unique financial complexity: deferred revenue, MRR recognition, SR&ED credits, and board-level reporting. We've built a bookkeeping practice specifically for Canadian and US tech companies — IFRS-compliant and investor-ready.
What you get every month
- P&L, balance sheet, and cash flow statement
- MRR/ARR bridge (new, expansion, churn, NRR)
- Deferred revenue rollforward schedule
- Cash runway analysis (months at current burn)
- Stripe / billing system reconciliation
- SR&ED R&D cost tracking (dedicated accounts)
- Board-ready reporting package by the 15th
Who this is for
Pre-seed to Series A
- Bootstrapped SaaS with first revenue
- Pre-seed company prepping for investors
- Series A needing clean due-diligence books
Subscription-based software
- Monthly & annual subscription billing
- Usage-based or seat-based SaaS
- B2B software with enterprise contracts
Canadian tech with US revenue
- Canadian CCPC selling into US market
- Dual-class companies (US entity + CCPC)
- SR&ED claimants with R&D labour
The Challenge
SaaS financials are not standard bookkeeping
Most bookkeepers record a Stripe payout as revenue. But SaaS revenue must be earned — an annual subscription collected today is a liability (Deferred Revenue) until the service is delivered. Getting this wrong distorts your P&L, overstates short-term revenue, and creates problems during due diligence.
We work with pre-seed through Series B SaaS companies across Canada — billing system reconciliation, SR&ED claim preparation, cash runway analysis, and investor reporting packages all included.
Client perspective
"We were using a generic bookkeeper who had no idea what deferred revenue meant. North Ledger had our IFRS-compliant books cleaned up in 6 weeks — investor due diligence went smoothly."
SaaS founder, Toronto
What We Do
Our core services for this industry
Revenue Recognition (IFRS 15)
Annual contracts deferred correctly. Monthly revenue released as service is delivered — never as cash is collected.
MRR / ARR Dashboards
Monthly MRR bridge: new, expansion, contraction, and churned MRR. Reconciled to Stripe, Chargebee, or your billing system.
SR&ED R&D Tax Credits
R&D labour tracked in dedicated accounts all year. T661 schedules prepared for CRA — a refundable credit worth up to 35%.
Deferred Revenue Schedules
Full rollforward of deferred revenue by cohort. Always audit-ready and reconciled to your billing system each month.
Cash Runway Analysis
Monthly burn rate and cash runway projections included in your package — essential for fundraising conversations.
Equity & Option Tracking
Convertible notes, SAFEs, and stock option grants tracked in supplemental schedules and reflected on your balance sheet.
SR&ED Tax Credits
Canada's most valuable tax credit for tech companies
The SR&ED program provides CCPCs with refundable tax credits of up to 35% on eligible R&D expenditures. Most tech companies leave significant money on the table by not tracking eligible costs correctly throughout the year.
Developer Time Allocation
We set up dedicated R&D cost centres and work with you to track engineer time on qualifying experimental development — the largest component of most SR&ED claims.
Eligible Expenditures
Materials consumed in R&D, cloud infrastructure for testing, and overhead allocations tracked in separate accounts — ready for the T661 expenditure schedule at year-end.
CRA T661 Schedules
We prepare the financial portions of your SR&ED claim in coordination with specialists who handle the technical narrative. A typical CCPC can recover 35% of eligible costs as a refundable credit.
Pricing
Most saas & tech clients start on the Growth plan. Most pre-seed to Series A SaaS companies need full reporting, AP/AR, and investor-ready packages.
FAQ
Common questions
GET STARTED TODAY
Investor-ready books from day
one.
Your next funding round requires clean financials with proper revenue recognition. Build the foundation now — so due diligence never catches you off guard.
Your free quote includes:
- Full review of your current bookkeeping setup
- CRA / IRS compliance gap identification
- Custom quote based on your transaction volume
- Clear onboarding timeline — starting within 5 business days
- No pressure, no hard sell
No contracts · Cancel anytime · CAD & USD billing
See Pricing →