Accounting for Biotech & Life Sciences

From pre-revenue R&D companies to clinical-stage biotechs, we understand the unique accounting challenges of life sciences and help you stay audit-ready for your next raise.

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Biotech Accounting Challenges

Life sciences companies face complex accounting requirements that most bookkeepers simply can't handle. We specialize in getting these right.

R&D Expense Tracking

Proper categorization of research expenses, capitalization decisions, and documentation for R&D tax credit claims. We build the tracking from day one.

Grant Accounting

SBIR, STTR, NIH, and other federal grants have strict compliance requirements. We track allowable costs and prepare grant reports that pass audits.

Clinical Trial Costs

Accruing CRO costs, patient enrollment milestones, and site payments. We build the accounting that accurately reflects your trial spending.

Collaboration Agreements

Revenue recognition for licensing deals, milestone payments, and co-development arrangements under ASC 606. Complex structures require careful accounting.

Equity Compensation

Stock options, restricted stock, and complex vesting schedules. ASC 718 expense calculations that are audit-ready and properly disclosed.

Pre-Revenue Burn Management

When you're years from revenue, cash runway is everything. We help you track burn rate, forecast needs, and report to investors clearly.

R&D Tax Credits for Biotech

Biotech companies typically have the highest R&D credit potential of any industry. Most of your spending qualifies: scientist salaries, contractor costs, lab supplies, and even some clinical trial expenses. Pre-revenue companies can use credits to offset payroll taxes. We help you capture every dollar you're entitled to.

Services for Life Sciences Companies

Monthly Close & Financials

GAAP-compliant financials with proper R&D expense tracking, grant accounting, and the detail your board and investors expect.

Grant Compliance

SBIR/STTR accounting, allowable cost tracking, indirect cost rate calculations, and grant report preparation.

R&D Tax Credit Studies

Identify all qualifying activities, calculate federal and state credits, prepare documentation that withstands IRS review.

Investor Reporting

Monthly board packages, burn rate analysis, runway projections, and the KPIs that matter for pre-revenue companies.

Audit Preparation

First-time audit readiness, PBC list preparation, and auditor coordination. We've guided many biotechs through their first audit.

Technical Accounting

Collaboration agreement accounting, milestone recognition, equity compensation, and other complex areas CPAs with life sciences experience.

Who We Work With

Pre-Seed to Series A

Grant-funded or angel-backed. Get your accounting set up right, capture R&D credits from day one, and be ready when VCs ask for financials.

Series A to B

VC-backed and scaling R&D. Controller-level support, board reporting, clinical trial accounting, and audit preparation.

Clinical Stage

Complex trial accounting, collaboration agreements, and the financial reporting infrastructure for larger raises or partnerships.

Medical Devices & Diagnostics

Similar accounting challenges with additional inventory and manufacturing considerations. We handle the full spectrum.

Ready to Level Up Your Biotech Accounting?

Schedule a call to discuss your specific situation. We'll tell you exactly how we can help and what it would cost.

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