The Challenge

A CPA firm working with VC-funded biotech clients was overwhelmed by:

• Inconsistent Grant Tracking: Federal grant allocations (SBIR, NIH) were poorly documented.
• Clinical Trial Accounting Gaps: Vendors and CROs billed across timelines.
• Audit Stress: No proper audit trail for funding milestones.

Our Solution

We tailored biotech financial tracking:

Grant & Trial Expense Reporting

• Created audit-ready ledgers categorized by grant and trial phase.
• Tracked subcontractor and CRO costs under federal guidelines.

Investor & Regulator-Ready Books

• Delivered reporting aligned with GAAP and grant stipulations.
• Prepared quarterly audit packs for grant reviews.

The Results

After just six months of working with us, the business experienced tangible improvements:

Key Takeaways

• Biotech startups need cost tracking by grant and phase.
• CPA firms can reduce audit exposure with outsourced grant-ready reporting.
• CRO expenses must be categorized for compliance and investor updates.

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