Cap table
Equity and SAFEs, correctly on your books.
Record a raise — issue shares, or book a SAFE — and it posts to your double-entry ledger as it happens: cash in, equity or SAFE liability recorded. So your balance sheet reflects your financing, whether your cap table lives in a spreadsheet or in Carta, driven by the agent you already use.
A $250k SAFE closes, and nothing posts to your books
The wire lands, you sign the docs, and the raise goes into a Carta tab — or a spreadsheet — that your books never see. The cash shows up in QuickBooks as "money in the bank" and just sits there, unexplained, because a cap-table tool tracks ownership, not your general ledger. Nothing records the financing for what it is. Plenty of founders only discover the gap at their first audit, when SAFEs they'd mentally filed under equity get reclassified as a liability — at real cost, and long after the fact.
Tell your agent about the round; watch it hit the ledger
You don't open a journal or map an account. You tell the agent you already use what happened, and it records the SAFE or the share issuance and posts the double-entry to your real ledger — cash in on one side, the SAFE liability or owners' equity on the other. Then ask for the cap table and it reads back outstanding shares by holder and class, ownership percentages, authorized-versus-issued, and your open SAFEs, in a single call.
We just closed a $250k SAFE from an angel — record it against the books, and show me the current cap table with everyone's ownership.
A SAFE is a liability, a share issuance is equity — and now the ledger knows it
The reason to book a raise instead of remembering it is that each kind of financing lands in a different place. A SAFE is recorded as a financing liability — not revenue, not equity — so it reads correctly the day the money arrives, not after an accountant re-files it. A share issuance books the cash and records owners' equity. Register your common and preferred classes with an authorized ceiling and issuing past it is rejected, so the count can't quietly drift above what you're allowed to sell.
- Founders buy common stock $25,000
- The $500k pre-seed SAFE closes $500,000
Your balance sheet finally reflects the money you raised
Because every raise posts as it happens, your equity and SAFEs are correct on the books from the first check — the balance sheet you show an investor or hand to your accountant already ties out, with nothing to reconcile later. Want to see a round before it's real? Model the dilution or a new class in a planning scenario against your live books without touching them. See scenario planning.
"But I already run my cap table in Carta"
Keep it. Carta and Pulley are the right system of record for managing ownership as it grows, with option pools, vesting, and 409A — none of which this replaces. But a cap-table tool doesn't keep your books, and the raise still has to post to your general ledger. So point your agent at the events in Carta and let it record them here, where they land on the same ledger as your cash — ownership and the balance sheet finally agree, and your own agent runs both. Economico ships no integration and holds no standing connection to another service; the reconciliation is your agent's to run. Earliest-stage and it's just you and one investor? Then it's one class and one holding, booked correctly from the start — Economico can be the cap table itself until you outgrow it. SAFE conversion into priced-round shares is on the way.
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Put your raise where your accountant can see it.
Connect the agent you already use and let it record — or reconcile in — every share issuance and SAFE, so your balance sheet reflects your raise.