Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
A cash burn rate is a measure of how quickly a company uses up its cash reserves in its operations. This is especially important for startups and other companies that may not yet be profitable.
The cash burn rate is typically expressed as a monthly or weekly figure, indicating how much cash the company expects to spend over that period. It helps assess the company's financial health and sustainability, and it is used to determine when a company will need additional funding. A company can reduce its cash burn rate by increasing income or decreasing costs.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.
Get the peace of mind that comes from partnering with our experienced finance team.