Case study
Scaling financial operations for Tumult, Inc.
How AG Accounting gave Tumult (maker of the Hype HTML5 animation tool) audit-ready, investor-ready books with a tech-enabled fractional CFO model, so the founders could put 100% of their energy back into product.
The challenge: managing financial scalability
As a high-growth, venture-backed startup, Tumult’s primary focus is product innovation. But as the business matured, the complexity of its financial operations grew to include global software-licensing revenue, complex vendor expenses, and the constant need for investor-ready financials. Tumult needed a partner who could scale financial operations without adding internal headcount or overhead.
The solution: end-to-end fractional CFO services
AG Accounting deployed a comprehensive financial management system on QuickBooks Online, moving Tumult to a tech-enabled fractional CFO model. We handle transaction categorization, monthly reconciliations, and the specialized close that venture-backed entities require. Every month, Tumult receives a clean reporting package: P&L, balance sheet, and a strategic close report highlighting variance and cash runway.
What we delivered:
- Monthly close with branded financial reporting
- Strategic transaction review and audit-ready categorization
- Bank and account reconciliation across complex revenue streams
- Real-time AR/AP visibility and anomaly detection
The result: investor-ready precision
By offloading financial operations to AG, Tumult’s founders redirected 100% of their energy back to product development. The company now maintains audit-ready books and real-time, accessible data, so it’s perpetually prepared for future funding rounds or strategic audits.
As an engineering team with little experience in the financial side of running a C-corporation, AG Accounting became essential to our business. They handled our bookkeeping, worked seamlessly with our tax accountant (who on multiple occasions confirmed they did excellent work on the books), and kept us on track with federal, state, and San Francisco compliance requirements. A lot was work we assumed we needed to do, but they took it off our plates!
What stood out most was how proactive and dependable they were. We never had to manage them or chase down next steps. Whether it was ongoing compliance, bookkeeping, or one-off financial questions, we trusted them to handle it correctly and keep our team focused on building the product.
Ready to hand off your books?
AG Accounting supports focused, growing software companies.