Company overview
What this page is for: the facts Claude needs before it touches any number.
Last reviewed: 2026-10-15, by Head of Finance
The business in two sentences
Honestly is per-seat software for finance teams that run on spreadsheets, sold to startups and mid-market companies. Customers pay monthly or annually in advance through Stripe; about 35% of ARR is annual prepaid.
Stage and team
- Stage and last raise: Series A, $12M, closed December 15, 2025.
- Headcount: 38. Roster of record is the payroll provider.
- Finance team: Head of Finance (owns the close and signs off). Outsourced accounting firm (categorization, recs, first-pass JEs). CEO also approves journal entries over $25,000 and bills over $10,000.
Entities
| Entity | Country | Currency | What it does | Books kept in |
|---|---|---|---|---|
| Honestly Just Spreadsheets, Inc. | US (Delaware) | USD | Everything | QuickBooks Online |
Systems: who owns which number
| Number | System of record | Notes |
|---|---|---|
| General ledger / financial statements | QuickBooks Online | |
| Cash balances | Mercury | Operating and treasury accounts |
| Card spend and reimbursements | Ramp | Syncs to QuickBooks daily |
| Billing and subscriptions | Stripe | Payouts land in Mercury net of fees |
| Payroll and headcount | Gusto | Not connected; export the payroll journal report |
| Equity and stock comp | Carta | |
| Budget / forecast | Google Sheets, "2026 Operating Plan v3" | Board-approved March 2026 |
Who approves what
| Action | Approver | Threshold | Notes |
|---|---|---|---|
| Manual journal entries | Head of Finance | All | CEO also approves entries over $25,000. Never the preparer. |
| Bills and vendor payments | Head of Finance | Up to $10,000 | CEO above $10,000 |
| New vendors | Head of Finance | Ramp vendor onboarding | |
| Card limit increases | Head of Finance | ||
| Month-end close sign-off | Head of Finance |
Things the books won't tell you
- Our largest customer always pays its annual invoice about 45 days late. It's their AP cycle, not a collections problem. Don't flag it until day 60.
- Our cloud credits ran out in August 2026, so the jump in hosting cost in September is expected, not a spike.
- The November 2026 offsite (about $60,000) is one-time. Exclude it from run-rate burn.
- Stripe payouts are net of fees. Fees are grossed up through Stripe clearing, so revenue is never understated.