Finance processes
The Processes the Finance Team runs, from budgets and spend approval to collections, payouts, the monthly close and tax.
The Finance Team runs eight Processes that set each Budget and move, govern and record every dollar a Startup touches. One-way money calls in each wait out a delay window before they proceed.
| Process | What it decides | Accountable | Runs as |
|---|---|---|---|
| Budget | Each month’s Budgets and the six-month Forecast | Finance Lead | Monthly budget, when the Period closes |
| Expense approval | Which card charges pass on their Mandate and which the Founder approves | Treasurer | Approve spend, on every charge |
| Runway | Whether the Startup is default alive | Finance Lead | Default-alive check, weekly |
| Payables | Which Bills go out, and when | Finance Lead | Pay bills, on each Bill |
| Supplier payouts | What each Supplier earned and what is held | Treasurer | Pay suppliers, weekly |
| Billing | Charging, retrying, refunding and answering chargebacks | Billing Specialist | Dunning, Issue a refund, Answer a chargeback |
| Trials and plan changes | When a trial converts and how a plan change is prorated | Billing Specialist | Convert a trial, Change a plan |
| Books | Reconciling, recognizing revenue and locking the Period; registering and filing tax through Stripe Tax | Finance Lead | Monthly close, Tax filing |