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Life Sciences and Biotechnology Accounting

Transform your financial operations with expert accounting services designed for biotechnology and life sciences companies.

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Managing Finances in Life Sciences and Biotechnology Companies

Biotechnology accounting is more complex than other industries thanks to long R&D cycles and
strict regulations. Meanwhile, firms often work with lean back-office teams who need
streamlined processes to maximize efficiency but also have to manage evolving regulations and
compliance requirements for biotechnology accounting.


At Scrubbed, we understand that whether you’re developing new pharmaceuticals, medical
devices, or gene therapies, your industry can be unpredictable. Our comprehensive
biotechnology accounting services streamline your operations and ensure compliance, allowing
you to focus on advancing scientific innovation.

How Expert Biotechnology Accounting Can Help You

biotech icons

At Scrubbed, we know how important it is to meet your industry’s complex compliance requirements and run your business more efficiently. Whether your CFO needs support or you want to outsource your entire biotechnology accounting and finance function, we have the right team for you.

Depending on your needs, our biotechnology accounting services include:

Financial Accounting

  • New business planning and accounting system set-up
  • Manage day-to-day bookkeeping and accounting
  • Preparing and compiling audit-ready financial statements
  • Grant/investment tracking and monitoring

Taxation

  • Research and development tax credit planning
  • Planning for and preparation of federal, state, and local tax returns

Corporate Finance

  • Build and manage your budget
  • Raising and tracking capital investments
  • Preparing forecasts and projected statements of income and cash flow
  • Cost management and budget adjustment

Risk Advisory

  • Due diligence reviews of financials for acquisitions and consolidations
  • Internal Audit Co-Sourcing/Outsourcing
  • SOX Compliance Assessment/Preparedness Program
  • SOC Audit Preparedness
  • Cybersecurity Services

Technical Accounting

  • Create Technical Position Paper/White Paper Summary
  • Support in technical accounting under IFRS/US GAAP
  • Analyze revenue contracts in accordance with ASC 606/IFRS 15

check iconAnalyze financial instruments and assess expected credit loss model in accordance with ASC 326/IFRS 9

check iconAnalyze lease contracts analysis in accordance with ASC 842/IFRS 16

check iconAssist in adoption of other complex emerging standards

check iconConduct an audit readiness program – planning, execution, and completion

check iconFacilitate Financial Statement conversions between accounting frameworks (e.g. Local GAAP to US GAAP, IFRS to US GAAP, and vice versa)

check iconConduct an IPO readiness program

check iconAccount and report impact of significant unusual transactions

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Support in transaction structure, including contract consultancy (acquisitions and readiness)

ESG

  • Prepare sustainability reports and financial statements disclosures that meet sustainability standards (e.g., US ESG Proposals, ESRS, GRI, SASB, TCFD, etc.).
  • Through our GRI Certified Sustainability Professional, conduct comprehensive training on ESG and GRI principles to help companies demonstrate their commitment to sustainability, attract investors, and improve their corporate reputation.

check iconAssess ESG preparedness in terms of dealing with GHG emissions, value chain and other stakeholder concerns.

check iconAccount and report ESG-related assets and transactions.

check icon

Establish ESG policies and procedures in compliance with sustainability standards.

Exceptional
Talent,
Everytime

Taxation

  • Research and development tax credit planning
  • Planning for and preparation of federal, state, and local tax returns

Corporate Finance

  • Build and manage your budget
  • Raising and tracking capital investments
  • Preparing forecasts and projected statements of income and cash flow
  • Cost management and budget adjustment

Financial Accounting

  • New business planning and accounting system set-up
  • Manage day-to-day bookkeeping and accounting
  • Preparing and compiling audit-ready financial statements
  • Grant/investment tracking and monitoring

Risk Advisory

  • Due diligence reviews of financials for acquisitions and consolidations
  • Internal Audit Co-Sourcing/Outsourcing
  • SOX Compliance Assessment/Preparedness Program
  • SOC Audit Preparedness
  • Cybersecurity Services

Technical Accounting Support

  • Technical Accounting Research and Consultation
  • Business Advisory
  • Adoption of Complex Emerging Standards
  • Financial Statement Preparation, Conversion, and/or Analysis
  • Financial Close and Audit Readiness Support
  • Financial Statement Conversion
  • Conducting an IPO readiness program

ESG Support

  • Sustainability Reporting
  • Risks and Opportunities Asssesments
  • Accounting and Reporting ESG related transactions
  • Stakeholder Engagement
  • Policy advisory and creation
  • Sustainability Training

Case Study: Rejuvenation Technologies Taps Scrubbed for Daily Accounting and Reporting

“Scrubbed matched up with everything Rejuvenation
Technologies was looking for in an outsourced accounting
partner,” said Director of Finance and Administration Robin Holbrook.

Download Case Study
biotech case study

Schedule Consultation with Scrubbed

biotech case study
Case Study: Rejuvenation Technologies Taps Scrubbed for Daily Accounting and Reporting

“Scrubbed matched up with everything Rejuvenation
Technologies was looking for in an outsourced accounting
partner,” said Director of Finance and Administration Robin Holbrook.

Download Case Study

Innovate with Confidence:
Outsource Your Financial Tasks to Scrubbed, Your Dedicated Partner in the Biotech Industry

We work as part of your team, providing the accurate financial information that you and your investors need. Our experienced team of biotechnology accounting professionals is here to support you from R&D to market.

Rizcel on laptop and stool - Scrubbed

Innovate with Confidence:
Outsource Your Financial Tasks to Scrubbed, Your Dedicated Partner in the Biotech Industry

We work as part of your team, providing the accurate financial information that you and your investors need. Our experienced team of biotechnology accounting professionals is here to support you from R&D to market.

"We love Scrubbed. It is definitely one of the best business decisions we've made lately. Scrubbed's people, process and technology make the usual complicated accounting* and financial reporting simple and easy."
Andrea Guendelman Co-Founder BeVisible

Expert Financial Insights for Life Sciences and Biotechnology Companies

Resources for Life Sciences and Biotechnology Companies

6 Videos

Blogs

Guides & Case Studies

The Leadership Team

Kevin Musni - Scrubbed Biotech

Kevin Musni

Kevin has more than 10 years of professional experience focusing on general and real estate accounting, budget and cash flow analyses, and financial modeling. His expertise is on business process optimization, systems migration, and developing reasonable business policies. He is adept at utilizing multiple reporting software and other SaaS interfaces. He currently manages a mixture of Real Estate and Biotechnology groups in Scrubbed. Prior to Scrubbed, he worked at the Fraud, Claims, and Disputes Unit of JPMorgan Chase & Co.

Ready for Scrubbed to help?

Want to know more? Let’s chat about how Scrubbed can take on your day-to-day biotechnology accounting needs so you can focus on your mission-critical goals.

Biotechnology Accounting - Scrubbed
Ready for Scrubbed to help?

Want to learn more? Let’s chat about how we can help by managing your day-to-day accounting needs, or taking on a larger financial management role, so you can continue to deliver on your mission-critical goals. 

Jaguar Case Study - Scrubbed