Pitch-to-P&L Tie-Out Template
Investors will check your numbers. This shows them you checked first.
The document that bridges your pitch deck to your financials and explains every variance before they ask.
Google Sheets. No formulas to break. Just honest reconciliation.
Your deck and your P&L probably don't match:
- •ARR in your deck is forward-looking but your P&L shows trailing revenue
- •CAC excludes the agency fees you paid to get those customers
- •Burn rate doesn't account for that annual server prepay in December
- •Gross margin looks different depending on what you include in COGS
That's normal. The problem is when you can't explain why.
What You Get
The Pitch-to-P&L Tie-Out Template helps you reconcile the 5 metrics investors always check:
- ✓ARR (and why your deck number might differ from your P&L)
- ✓Gross Margin (and what actually belongs in COGS)
- ✓CAC (and whether to include that one-time spend)
- ✓Burn Rate (and how to normalize for timing)
- ✓Runway (and the assumptions behind it)
Plus:
- ✓Example entries showing exactly how to fill each column
- ✓Common variance explanations you can adapt
- ✓Instructions on what investors actually look for
Why This Matters
The associate doing diligence will check every claim in your deck against your financials. If the numbers don't match and you can't explain why, it looks like you either don't understand your business or you inflated the metrics.
A tie-out controls the narrative. Instead of them finding a $50k discrepancy and wondering if you lied, you explain it upfront: “Deck excludes Customer X who churned February 1.”
Most founders have never heard of a tie-out document. The best founders send it proactively with their data room.
It signals one thing: we know our numbers and we can prove them.
Who This Is For
You've raised pre-seed or seed and you're preparing for your next round.
You have a term sheet or expect one in the next 3 months.
You have a pitch deck with numbers you haven't stress-tested against your financials.
You want to walk into diligence with proof, not hope.
This Is Free. Here's Why.
I'm Judie. I help seed-stage founders pass due diligence before it starts.
Over 50% of term sheets never turn into wires. Not because founders lied. Because the numbers didn't reconcile and nobody could explain why.
This template forces you to find those gaps now. Better to discover them yourself than to have an associate find them with a term sheet on the line.
Check your numbers before someone else does.
FAQ
Check your numbers before someone else does.
You'll get it in 2 minutes. Then you'll know if your deck survives diligence.
P.S. The founders who use this aren't hiding from their numbers. They're the ones who close.