Trust Reconciliation

Numetrica Has Recruited 3 more Superheroes!

Since the born of Captain Number Cruncher. There has been some improvements in the world of numbers. More and more heroes are joining the crusade to bring orders and balance to numbers and businesses.

As a result, 3 more superheroes have been recruited.

The Payrollist:

Expert is the art of Payroll, using either Quickbooks Online or Wagepoint, she can organized a bullet proof payroll system.

This means source deductions are always submitted on time. Canada Revenue Agency will receive the funds automatically from Wagepoint. Employees will receive their pays through direct deposit and have access to their paystubs online. T4s are ready extremely fast as the year-end is over. Payroll is extremely important to employees obviously and it is also importnat to keep track of EI, CPP, Taxes, WSIB, Vacation pay, Insurance, and so on.

The Balancer:

It is extremely important to reconcile bank accounts and also credit card accounts. These days these accounts are connected to Shopify, PayPal, Amazon and so on. Once these accounts are correctly linked and reconciled in Quickbooks Online. Business numbers are more and reliable and decision making is more sound and solid. The Balancer  is amazing at sorting and making sense and ultimately reconciling these accounts.

The Reconciler:

Trust reconciliation is very important to lawyers in Ottawa and Kanata. It also important since when lawyers received funds for a specific project, they are to use the funds for that specific project and also prove to their institution that the client accounts are reconciled. This process is extremely time consuming, complex, complicated and messy. Not for this superhero. She uses Quickbooks Online and LeanLaw, not only performing these reconciliation super efficient and super effective, but also perform them in cloud accounting.

A few months ago, we did receive a few distress calls from a few lawyers, they stated that their trust account reconciliation was really messy. Apparently, other accountants had attempted to solve the mystery but to no avail they had failed and leaving the clients frustrated and helpless.

Not for our Trust Account Reconciler Superhero. After going through the numbers, mind you from a few months back, she was able to reconcile them right away. Problem was in most cases that the trust accounts were wrongfully ticked. In addition, she also found a lot of mistakes, apparently some clients were paid multiple times. The lawyer had actually incurred more costs. She had pin pointed every error and submitted her report back.

Now with using Quickbooks online and LeanLaw,  if any mistakes happen, the Reconciler can demystify it.

Read our article that was published in LeanLaw

Final Thoughts:

These heroes proved that they are truly amazing. Their specialty brings more and more order and balance to payroll, reconciliation, and trust account reconciliation. These heroes are great defenders of cloud accounting for small business in Ottawa and Kanata. Excellent in art of Quickbooks Online. Provide the best payroll, reconciliation and trust reconciliations. Speaking of trust reconciliation, this is extremely important to lawyers in Ottawa and Kanata since they have to have this ready for their institutions.

 

More information on Cloud Accounting