Financial Services for
Ontario's SaaS Founders.
A senior CPA-backed team delivering bookkeeping, business plans, Fractional CFO and financial modeling built for the way SaaS and startups actually operate — ASC 606 revenue recognition, MRR/ARR reporting, cohort analysis, CAC/LTV modeling, SR&ED and IRAP claim depth, cap tables and investor-grade board packages. Serving founders across Toronto, Ottawa Kanata, Kitchener-Waterloo, Mississauga, Markham and Hamilton from pre-revenue through Series C.
Built for SaaS Metrics, VC Diligence & SR&ED Depth.
SaaS and startup finance isn't small-business accounting with better software. It's a distinct discipline — MRR/ARR, cohort economics, ASC 606, cap tables, SR&ED — that most generic accountants routinely fumble. Our finance work is built for exactly that reality.
CPA-supervised, senior-led
Every SaaS engagement is led by a senior CPA who's already worked with venture-backed SaaS at your stage — pre-revenue, seed, Series A, Series B or Series C. No junior handoffs. No offshore delegation. You work with someone who can hold their own on a board call.
SaaS metrics fluency
MRR/ARR growth breakdown (new, expansion, contraction, churn), cohort retention curves and net revenue retention, CAC/LTV modeling by acquisition channel, Rule of 40, magic number, burn multiple, months-to-recover CAC. The metrics that investors, lenders and boards actually care about.
ASC 606 & deferred revenue depth
Performance obligations, standalone selling price allocation, contract modifications, variable consideration, deferred revenue treatment for annual and multi-year contracts, enterprise contract carve-outs for implementation and professional services. Getting ASC 606 wrong is a top-three reason SaaS deals slip in due diligence — we get it right from day one.
SR&ED & IRAP claim depth
Canadian SaaS and deep-tech companies are among the highest-value SR&ED claimants in the country. We handle time-tracking discipline, technical narratives that stand up to CRA review, project boundary definition, subcontractor and salary allocation, and IRAP funding coordination through NRC. Kanata alone is one of Canada's most concentrated SR&ED filing corridors.
VC & investor coordination fluency
We know how Real Ventures, Georgian, Inovia, OMERS Ventures, BDC Venture Capital, US VCs, angel syndicates and family offices actually read a data room. Cap tables, waterfalls, term sheet review, board packages, investor updates and diligence coordination — we deliver the way funders expect them.
Fixed fees, all four services under one roof
Fixed monthly retainer for CFO and bookkeeping. Fixed project fee for business plans and models. Bookkeeping, CFO, business plan and financial modeling from the same team, using the same numbers, telling the same story — instead of coordinating three firms who each know a piece of your business.
What SaaS Founders Actually Face.
Canada has become one of the world's most concentrated SaaS ecosystems. Ontario alone hosts three of the country's four largest tech clusters — Toronto (MaRS Discovery District, DMZ at Toronto Metropolitan University, OneEleven and the deepest VC base in Canada), Ottawa's Kanata North Tech Park (Canada's largest tech park with Nortel-legacy deep-tech across telecom, aerospace, semiconductor, cybersecurity and enterprise software), Kitchener-Waterloo (Communitech and the post-BlackBerry ecosystem spanning enterprise SaaS, cybersecurity and quantum) plus the Markham East Asian tech HQ corridor and the McMaster-adjacent health-tech scene in Hamilton. The founder base spans B2B SaaS, vertical SaaS, fintech SaaS, MarTech, HR Tech, DevTools, AI and ML SaaS, enterprise SaaS and consumer SaaS from pre-revenue through Series C.
SaaS founders face finance realities that most generic Canadian accountants don't understand. MRR and ARR reporting that ties back to subscription contract terms rather than to invoicing cycles. Cohort analysis that actually shows retention curves, gross vs net revenue retention, and revenue expansion by customer cohort. CAC and LTV modeling by acquisition channel that surfaces which channels deserve doubling down on and which quietly bleed capital. Rule of 40, magic number, burn multiple, months-to-recover-CAC — the operating metrics that investors and boards actually care about, not the ones a generic small-business P&L happens to surface.
ASC 606 revenue recognition (and IFRS 15 for Canadian public reporting) governs how SaaS revenue is recognized in a way that has nothing to do with how it's invoiced. Performance obligations, standalone selling price allocation for bundled contracts, contract modifications, variable consideration, deferred revenue treatment for annual and multi-year contracts, and enterprise carve-outs for implementation, professional services and support all need proper accounting treatment. Getting ASC 606 wrong is a top-three reason SaaS deals slip in Series A and Series B due diligence — VCs know exactly what to look for and they don't hand-wave it.
SR&ED (Scientific Research and Experimental Development) and IRAP (Industrial Research Assistance Program) claims are foundational Canadian SaaS finance work — refundable and non-refundable federal credits and grants for R&D-intensive work. Canadian SaaS and deep-tech companies are among the highest-value SR&ED claimants in the country. Kanata alone is one of Canada's most concentrated SR&ED filing corridors. Getting SR&ED right requires time-tracking discipline for eligible technical work, technical narratives that stand up to CRA review, project boundary definition, subcontractor and salary allocation, and coordination with IRAP through NRC. Getting it wrong leaves six-figure refunds on the table for years.
Cap table management and fundraising coordination are the other foundational SaaS finance disciplines. Cap tables in Carta, Pulley, LTSE Equity or spreadsheet as your stage requires. Waterfall modeling for proposed rounds and secondary transactions. Stock option plan (SOP) discipline including 409A-equivalent valuations. Dual Delaware/Ontario corporate structures for Canadian SaaS raising US VC capital — Delaware C-corp top-co, Ontario operating subsidiary, inter-company agreements, transfer pricing, US GAAP top-co reporting alongside Canadian ASPE/IFRS subsidiary reporting. Term sheet review for economic and control provisions before you sign. Data rooms with clean historical financials and SaaS metrics packaged the way VCs expect. Board reporting packages that read like public-company reporting rather than founder narrative.
Layered on all of that: full-time SaaS CFO compensation in Ontario runs meaningfully higher than generalist CFO comp because of the specialized skill set. Most Ontario SaaS founders pre-Series B cannot justify a full-time hire but absolutely need senior SaaS-native finance leadership. What they need is senior finance leadership at Fractional pricing, SaaS-specific expertise across ASC 606 and cohort economics and SR&ED, plus fluency with Canadian VC ecosystems and Toronto-Kanata-Waterloo founder dynamics. Ledgerive was built for exactly that.
Signs Your SaaS Startup Needs Ledgerive.
The two service lines SaaS founders reach for first are Bookkeeping (get the SaaS-specific accounting right from day one) and Business Plans (raise the round or land the lender). Here's how to tell when each is the right answer.
You Need SaaS Bookkeeping When…
Your SaaS books either don't exist yet, are behind, or are wrong in ways that will hurt you at your next raise or lender review. SaaS-specific accounting is a distinct discipline — and generic bookkeepers routinely miss ASC 606, deferred revenue and SR&ED-ready documentation.
- You're pre-revenue or early-revenue and want ASC 606 and SR&ED discipline built in from day one — not retrofitted at Series A
- Your MRR/ARR numbers in your reporting stack don't tie to your accounting and you can't explain the gap on a board call
- Deferred revenue for annual and multi-year contracts isn't tracked properly and revenue is being over- or under-recognized
- You're preparing for Series A or Series B due diligence and need three years of clean, ASC 606-compliant financials for the data room
You Need a SaaS Business Plan When…
You have a real deadline — a fundraise, a lender application, a corporate development conversation, or an immigration filing — and the plan has to be strong enough to actually get approved. Investor-ready and lender-ready plans for SaaS look nothing like a generic small-business plan.
- You're raising a pre-seed, seed or Series A round and need a proper pitch deck backed by ARR/cohort/CAC/LTV financials
- You're applying for BDC Venture Capital, IRAP funding, CSBFP or a Canadian bank credit facility for growth
- You're preparing an Ontario PNP Tech Draw or federal Start-Up Visa (SUV) application requiring a business plan with strong financials
- You're preparing corporate development materials for a potential acquisition, secondary transaction or strategic investor conversation
SaaS-Native Bookkeeping & Business Plans.
The two services SaaS founders lean on first, delivered end-to-end by a senior CPA-led team with deep SaaS specialization. Fractional CFO and Financial Modeling are available alongside as your stage requires.
Bookkeeping for SaaS & Startups
Monthly bookkeeping, catch-up bookkeeping, HST filings and payroll for SaaS and startups — tuned to ASC 606 revenue recognition, deferred revenue, MRR/ARR tie-out, SR&ED-ready documentation from day one, cap table discipline, and the dual Delaware/Ontario structures common in Ontario SaaS. QuickBooks Online, Xero, NetSuite or Sage Intacct — reviewed by a CPA.
- ASC 606 revenue recognition & deferred revenue discipline
- MRR/ARR tie-out to your billing stack (Stripe, Chargebee, Recurly)
- SR&ED-ready time-tracking & documentation from day one
- Dual Delaware/Ontario inter-company & transfer pricing
- Stock option plan & cap table discipline
Business Plans for SaaS & Startups
Investor-ready, lender-ready and immigration-ready business plans for SaaS and startup founders — pre-seed and seed pitch decks, Series A/B/C rounds, BDC Venture Capital, IRAP, CSBFP, Canadian bank credit facilities, Ontario PNP Tech Draw and federal Start-Up Visa applications. Written for exactly what each reviewer wants to see.
- Pre-seed, seed & Series A/B/C pitch decks
- BDC Venture Capital & IRAP funding plans
- CSBFP & Canadian bank credit facility plans
- Ontario PNP Tech Draw & Start-Up Visa (SUV) plans
- Corporate development & acquisition memos
Also available for SaaS & startup founders:
SaaS Sub-Verticals & Ontario Cities We Cover.
Deep specialization across the SaaS sub-verticals that actually define Ontario's ecosystem — and coverage across every core Ontario tech city.
SaaS sub-verticals we serve
Our deepest SaaS expertise — from B2B SaaS to AI/ML to fintech SaaS.
Ontario SaaS cities we cover
Remote-first for everyone. On-site quarterly reviews available across every ecosystem below.
Remote-First, SaaS-Native.
The engagement rhythm every SaaS founder can expect — designed around your Slack, your board calendar, and your fundraising timeline.
Free 30-min discovery call
NDA before the call, always. We walk through your business, your stage, your investors, your priorities and your deadlines. Honest answer on fit inside the call itself — not a follow-up email.
Written proposal in 48 hours
Scope, deliverables, timeline and fixed fee — all in writing. If the scope needs to change, we redraft once for free. What we quote is what you pay.
Start in 3–5 business days
Engagement letter signed. Access granted to your QuickBooks/Xero, billing stack (Stripe, Chargebee, Recurly), bank feeds and prior financials. First deliverable — usually a cash snapshot or ARR summary — lands the same week.
Weekly cadence + board-ready
Standing weekly call, always-on Slack, monthly close by the 15th, board packages when needed, fundraising and SR&ED support when the moment comes. No help-desk queue, no offshore relay.
What SaaS Founders Say After 90 Days.
We were closing our Series A and our previous accountant had no idea how to handle ARR, cohort analysis, or deferred revenue under ASC 606. Ledgerive rebuilt our SaaS financials in three weeks, prepared the entire due diligence data room, and built the model our lead investor used to close the round. Closed at valuation. It changed how we run the business — we finally have real cohort data, not vibes.
Our Kanata deep-tech company had been leaving significant SR&ED refunds on the table for years because our documentation was scattered and our prior firm didn't really understand telecom R&D. Ledgerive rebuilt SR&ED from the ground up, cleaned up our runway model, and prepped us for a Series A raise. Raise closed at target valuation and SR&ED refunds came through cleaner than any year before.
We're a vertical SaaS out of the Communitech ecosystem and had grown fast on a messy foundation. Our billing stack, our books, and our metrics dashboard all told different stories. Ledgerive rebuilt bookkeeping with proper ASC 606, tied MRR/ARR to accounting, and built a monthly cohort report we now share with our board. Our next raise conversations went 10x better because we could actually defend the numbers.
Our AI/ML platform was raising a bridge round and I needed a pitch deck plus a real financial model, fast. Ledgerive delivered both in under three weeks — ARR/cohort/CAC/LTV, Rule of 40 progression, burn multiple, 36-month projections. Bridge closed at the top of the range and the lead investor commented that the model was the cleanest they'd seen from a startup at our stage.
Questions SaaS Founders Ask.
Straight answers to the questions that come up on nearly every SaaS discovery call.
Do you work with pre-revenue SaaS startups?
Do you handle SR&ED and IRAP claims for SaaS companies?
Do you understand ASC 606 revenue recognition for SaaS?
Do you build cohort and CAC/LTV models for SaaS?
Do you support Series A, B and C fundraising for SaaS?
Do you handle cap table management for SaaS startups?
Do you work with US/Canadian dual-corporate structures for SaaS?
Which SaaS accounting software do you support?
Which Ontario cities do you serve SaaS startups in?
How quickly can you get started with a SaaS startup?
How do you handle pricing?
Ready to get finance right for your SaaS startup?
30 minutes. NDA first. No pitch. Just a real conversation about your SaaS company, your next 12 months, and whether we're the right team to deliver the finance work behind them.