TechcelerateJoin now
Menu
Knowledge base · Playbook 6 of 9 · Finance

Finance: keep the business afloat and in control of its numbers.

Cash, runway, clean books, sound unit economics and the UK tax basics, so you make decisions on real numbers and raise money only when it pays.

A tech startup can have happy customers, a good product and a profitable-looking P&L and still fail, because the bank balance reaches zero before the next invoice is paid. Finance is the function that stops that happening. It is not about becoming an accountant; it is about knowing, every week, how much cash you have, how long it lasts and which decisions change that answer.

This playbook takes tech founders through the essentials in a practical order:

  • Cash first: the difference between cash and profit, and a 13-week cash flow forecast you update every Monday.
  • Runway and burn: how long the money lasts and what moves the date.
  • Books and budgets: a monthly close, management accounts and a rolling forecast you actually use.
  • Unit economics: whether each customer makes or loses you money.
  • UK tax basics: VAT, Corporation Tax, PAYE and R&D tax relief, in general terms, with pointers to GOV.UK.
  • Funding and survival: when raising makes sense, and the levers to pull when cash is tight.

Techcelerate’s stance runs through every guide: win customers and revenue first, de-risk the business, then raise only if it pays. Good financial control is what gives you that choice. If you do decide to raise, the funding guide and how investors think pick up where this playbook stops. Everything here is general information, not financial or tax advice; rules and thresholds change, so check GOV.UK and speak to your accountant before acting.

With SkilledUp Life ↓ · The Execution Sprint →

8 guides

The finance playbook.

1

Cash versus profit

Profit tells you whether the model works; cash tells you whether you will still be here next quarter. A weekly 13-week forecast is the simplest control a tech startup can have.

Read the guide →
2

Runway and burn

Runway is the number of months until the money runs out. Knowing it precisely, and knowing which decisions move it, is the foundation of every other financial choice.

Read the guide →
3

Bookkeeping and the monthly close

Clean, current books are what make every other number trustworthy. A simple monthly close produces management accounts you can run the business on.

Read the guide →
4

Budgets and rolling forecasts

A budget is a decision about what you will spend; a forecast is your best current guess of what will happen. Use both, keep them light and review them monthly.

Read the guide →
5

Unit economics and margins

Unit economics tell you whether each customer makes money once you count what it costs to win and serve them. Growth on bad unit economics only loses money faster.

Read the guide →
6

UK tax basics for tech startups

VAT, Corporation Tax, PAYE and R&D tax relief in plain English: what each one is, when it applies and how to stay on the right side of HMRC.

Read the guide →
7

Funding options and when to raise

Customer revenue is the best funding there is. When outside money helps, choose the type that fits your business, and raise from a position of strength.

Read the guide →
8

When cash is tight

When the forecast shows trouble, speed matters more than perfection. Act early, protect what keeps customers and staff, and talk to creditors before they chase you.

Read the guide →
With SkilledUp Life

Finance with SkilledUp Life.

SkilledUp Life volunteers include accountants and finance professionals who can support your bookkeeping, financial modelling and analysis. They help you build good habits and better numbers; they do not replace your accountant or regulated financial and tax advice.

A team of up to 6
Finance leadBookkeeperFinancial analystFP&A modellerPricing and unit economics analystFunding research analyst

Agree the scope

Decide what the volunteers will own, such as the weekly cash forecast, the monthly close checklist or a unit economics model, and what stays with your accountant.

Set up access safely

Give read-only access to your accounting software and bank feeds where possible, and keep payment approval with the founding team.

Run a monthly rhythm

Volunteers prepare the forecast update, variance notes and KPI pack, and the founding team reviews them in a fixed monthly session.

Hand over cleanly

Every model and process is documented in shared folders so the next volunteer, hire or adviser can pick it up without starting again.

SkilledUp Life is exclusively for tech companies. Volunteers cannot be paid in any form, including stipends, gift vouchers or expenses. All volunteering is remote, and no promises of paid roles can be made.

How SkilledUp Life helps members →
Tools and how-tos

Put it into practice.

Further reading

From the Techcelerate blog and knowledge base.

Execution Sprint

Finance: cash, runway and funding decisions.

Reading is the start. Members tackle finance in a time-boxed Execution Sprint, alongside tech founders who have built, failed and exited, and leave with measurable results.

DiagnoseFind the one constraint holding you back now.
CommitAgree a measurable target and a plan with your peers.
ExecuteTime-boxed, hands-on effort with SkilledUp Life volunteers if you need them.
ReviewReport the numbers back to the room and decide the next move.
All nine playbooks

Every function of a tech startup.

Building a tech startup?

Join tech founders who put execution before investment.

Become a member