Finance & accounting

The finance & accounting team is responsible for helping Sourcegraph acquire and allocate resources optimally, plan for the future, track progress and execution, and measure results.

• Sources of truth
• ARR tracking and the monthly closing process
• Paying bills

Team

We are hiring for the finance & accounting team! See all open positions.

Until the team grows, the BizOps team will provide financial support.

Members

• Dan Adler, VP Operations
• Tommy O Donnell, Manager, Financial Planning & Analysis

See the Operations roles page.

Contact

Outreach and questions for the finance team can be asked in the #finance Slack channel, by reaching out to the [email protected] email, or to the finance team members listed above directly.

Goals

TODO

Reporting

Fiscal years

A fiscal year is a one-year period that corporations like Sourcegraph use for accounting and budgeting. Sourcegraph’s fiscal year runs from February 1 to January 31. Having our fiscal year offset by one month from the calendar year ensures that our fiscal Q4 doesn’t end during December holidays, making our quarters more even and predictable, and eliminating pre-New Year stress for our sales, finance, and other teammates.

Fiscal years that don’t align with calendar years (such as our fiscal year) are referred to by the year in which the period ends.

For example, Sourcegraph’s fiscal year 2021 (FY21) is the one-year period running from February 1, 2020 through January 31, 2021.

Sources of truth

• Financial statements
• Metrics
  • Quarterly and monthly IARR
  • ARR
  • Bookings
  • Net ARR churn
  • Note: this spreadsheet is updated manually, so it will not be updated in real-time. The BizOps team is committed to updating the sheet within 3 business days (but in most circumstances much sooner) of the closing of a new or renewal deal, or the end of the month for expansions.
• FY 2021 plan financials (including IARR goals, hiring plans and cost model)
• Weighted quarterly sales projections
• Board deck calculations

Accounting

We work with an outsourced accounting firm named Officengine. They close the books monthly and produce our financial statements, and provide support in processing payables, preparing taxes, filing corporate registrations, and more.

Reach out to Dan for an introduction if needed.