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Who Uses Us? Case Studies Non-Profit
Non-Profit Organization - Case Study
ABC Org - Non-Profit Organization
This organization contacted LedgersOnline looking for help as they were struggling with their bookkeeping. Below is a breakdown of the accounting system they had before LedgersOnline.
- Volunteer Treasurer has limited human resources
- Lack of central document repository to aid in transition of board members from year to year
- Proper controls for approving budgets, reimbursing expenses, and signing cheques
- In some cases records were being kept by hand and without any backups
Our Solution
Below is a list of what they received with LedgersOnline services.
- The company was setup up on Quickbooks with remote access to their data file on the LedgersOnline server, giving everyone simultaneous access to the accounting system
- Help to register the business with all relevant tax authorities in order to minimize and eliminate penalties and interest
- Support for questions regarding expense reimbursement, tax related questions, and other basic accounting issues
- The ability to scan all of their accounts payable, bank statements, and time sheets/payroll hours for input into their accounting system
- An online filing system
- Take care of all bookkeeping needs so the clients can concentrate on growing their business
- Reviews of company financials with the client on a monthly and quarterly basis so the partners know exactly how the company is performing
Net Benefits
- Eliminate any conflicts by having a professional 3rd party handle the bookkeeping
- More time to focus on growing their young business
- A sense of Control
- Payroll calculation problems are eliminated
- Year end reporting is converted from a project to the push of a button
- More time to focus on what is important
- More confidence in project estimating
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