Not a rule. Startup and FP&A convention — not codified. US GAAP governs recognition, measurement and presentation, not bookkeeping mechanics. Sources
The lessons that teach this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
- FinanceBurn rate and runway, from the bank › Run rate and one-offsSeptember's van and annual insurance, named and taken out: the run-rate burn beside the reported one.5 min
- FinanceThe monthly board packNorthwind's September pack: three statements, cash and runway with their basis, the variances worth a sentence, the 13-week low point, and every metric defined.10 min
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- annualized (a run rate times twelve)
- forecast
Components that render this
These components name it in their spec, grouped and labeled exactly as the catalog shows them.
13Metrics & analysis
Family specComponents that render the terms it depends on
Few components name this concept outright, but it's built from terms they do name. These render revenue, period.
4Swaps & FX
Family spec5Ledger & tables
Family spec- PeriodPickerFiscal-aware. Never assumes January.
- FluxAnalysisPeriod-over-period explanations.
- ProfitAndLossP&L with period comparison and variance.
- ReportHeaderEntity, statement, period, basis, currency, as-of. Every figure states its basis.
- StatementTableThe shared shell: hierarchy, periods, rules.
- StatementToolbarBasis, period, comparison, currency, consolidation.
9Accounting core (GL)
Family spec11Payables (AP)
Family spec12Close, controls & consolidation
Family specAlso in Finance & planning
Defined in Lexicon. This page is generated from that document, so the two can't disagree.