How should I prepare financials for investor due diligence?

Preparing investor-ready financials

Investors want clean, consistent, and verifiable financial information. Prepare a clear package that shows historical performance and credible projections.

Documents to prepare:

  • Profit & Loss (P&L) for the past 12–24 months
  • Balance sheet and cash flow statement
  • Cap table showing ownership and outstanding options
  • Detailed forecasts with assumptions and sensitivity analysis
  • Customer contracts or revenue recognition documentation

Presentation and accuracy

  1. Use consistent accounting methods and explain any irregular items.
  2. Provide supporting schedules for revenue, payroll, and major contracts.
  3. Be ready with explanations for churn, unusual spikes, or one-time expenses.

Practical tips

  • Clean up bookkeeping errors and reconcile bank accounts before sharing.
  • Provide summary metrics: CAC, LTV, gross margin, churn.
  • Prepare a one-page financial summary with key takeaways.

Third-party help

Consider working with an accountant or CFO consultant to ensure numbers are audit-ready. Accurate financials speed due diligence and increase investor confidence.