Tracking key startup metrics

Inkle Books simplifies the process of tracking key financial metrics like burn rate, runway, and cash balance—critical for any startup's financial health. These metrics are instantly visible on your dashboard at all times, with real-time changes based on your revenue and spends.

Here’s how to use the app to monitor these metrics effortlessly:

1. Burn Rate
Your burn rate reflects how quickly your startup is spending money. Inkle Books automatically calculates this by tracking all your expenses over a defined period. You can view your burn rate in real time on the dashboard, allowing you to see how much cash your business is using each month and make informed adjustments.

2. Runway
Knowing how long your cash reserves will last (runway) is essential for planning ahead. Inkle Books calculates your runway based on your current cash balance and monthly burn rate. The app gives you a clear picture of how many months of operation you have left at your current spending pace, which helps in timing fundraising or adjusting costs.

3. Cash Balance
Inkle Books syncs with your bank accounts via integrations like Plaid, Mercury, or Brex, so your cash balance is always up to date. You can monitor it on your dashboard, ensuring you're fully aware of your liquidity and available funds.

With these financial metrics readily accessible, Inkle Books empowers founders to make data-driven decisions, ensuring long-term business sustainability.