Fondo Core Workflow A: Monthly Bookkeeping
Overview
The primary Fondo workflow: automated monthly bookkeeping close. Fondo's CPA team handles reconciliation, categorization, and financial statement preparation. Your role is to answer questions and review deliverables.
Monthly Close Timeline
| Day |
Activity |
Who |
| 1-5 |
Bank and payroll data syncs |
Automated |
| 5-10 |
Transaction categorization and reconciliation |
Fondo CPA team |
| 10-15 |
Review questions sent to you |
Fondo CPA team |
| 15-20 |
You answer categorization questions |
You |
| 20-25 |
Financial statements prepared |
Fondo CPA team |
| 25-30 |
Reports delivered to dashboard |
Automated |
Deliverables
Financial Statements (Monthly)
| Report |
Contents |
Use Case |
| Income Statement (P&L) |
Revenue, COGS, operating expenses, net income |
Board meetings, fundraising |
| Balance Sheet |
Assets, liabilities, equity |
Financial health snapshot |
| Cash Flow Statement |
Operating, investing, financing activities |
Burn rate analysis |
| General Ledger |
All transactions with GL codes |
Audit trail |
| Accounts Payable Aging |
Outstanding vendor bills |
Cash management |
Key Metrics (Auto-Calculated)
Dashboard > Financial Overview
Monthly Burn Rate: $85,000
Runway (months): 14.2
MRR: $12,500
Gross Margin: 72%
R&D Spend: $62,000 (73% of opex)
Headcount Cost: $58,000
Answering Fondo Questions
Dashboard > Messages > Open Items
Common questions:
Q: "What is the $2,500 payment to Acme Corp?"
A: "Software license for our dev tooling" → Category: Software/R&D
Q: "Is the $15,000 transfer to savings an investment?"
A: "No, just parking cash" → Category: Transfer (non-taxable)
Q: "Should contractor payments to John Doe be R&D?"
A: "Yes, he writes code for our product" → R&D qualified
Error Handling
| Issue |
Solution |
| Late close (past 25th) |
Prioritize answering open questions |
| Unexpected expense spike |
Review Dashboard > Transactions for anomalies |
| Revenue not matching Stripe |
Check Stripe connection in Integrations |
| Missing payroll entry |
Verify payroll provider sync status |
Resources
Next Steps
For R&D tax credit workflow, see fondo-core-workflow-b.
