Case Study 1
That Clean Life Inc.
Abigail Keeso
CO-FOUNDER,
THAT CLEAN LIFE INC.
Before
Accounting Workflow
- Cloud-based accounting software, minimal automation.
- Paperless, with poor accounting system integration
SaaS
- Manual entry over stripe transactions
- Difficulty with capturing sales tax over stripe transactions
AFTER
Accounting Workflow
Cloud-based accounting software, heavy automation - using Xero.
Paperless (receipts), with streamlined accounting system integration
SaaS
Automated Stripe solution to record accurate sales and sales tax transactions
Our Technology Solution
Selling services online across North America comes with challenges.
“ConnectCPA assisted with helping us understand the tax implications of our SaaS business and created an automated solution to ensure we capture our financial data from Stripe correctly. We now spend less time bookkeeping and more time running our business.”
Case Study 2
SoYoung Inc.
Before
Accounting Workflow
Desktop accounting software
Paper-based workflow
Poor visibility over performance
Manual bookkeeping process with minimal automation
Inventory
Manual entry of inventory data
Manual entry of Shopify orders
- No visibility over profit margin by SKU
Payroll
Manual cheque writing to all employees
Manual monthly payment to CRA
Paper-based pay-stubs
- Manual T4 and ROE filings
AFTER
Accounting Workflow
Cloud-based accounting software - Xero
Paperless (bills, receipts, PO’s)
Real-time financial information
- Highly automated bookkeeping with removal of data entry
Inventory
Shopify sales from multiple stores automatically recorded into accounting system through API
Detailed reporting over profit margins by SKU
Payroll
Employee payments by direct deposit
Payment to CRA made automatically with every pay-run
Custom portal for employee pay-stubs
- Electronic T4 and ROE filings
Our Technology Solution
Multiple warehouses? High volume? Complex Inventory? No problem.
“With ConnectCPA we have finally found an accounting firm that understands that technology plays an integral role in our company’s accounting function. Since we run an online business that experiences a high volume of daily transactions, the need for cloud accounting systems and integrations is paramount to remove the onerous demands of manual data entry from our workflow. ”
Case Study 3
Wave Digital Media Inc.
The real-life, real-time advantage.
Businesses are looking for an edge; the quicker edge, the smarter edge, the more flexible edge.
At ConnectCPA, we'll set you up with cloud accounting and online bookkeeping technology that gives you real time data whenever you need it—because information is powerful. You'll have everything you need to make better business decisions, even on the go. You'll have the tools in your back pocket to be predictive vs. reactive to financial issues. You'll have 360 visibility into every nook and cranny of your business' financial operations.
Before
Accounting Workflow
Desktop accounting software
Paper-based workflow
Poor visibility over performance
Delayed and inaccurate quarterly bookkeeping
Reporting to Board
Delayed reporting
Inaccurate financial information
Lacking relevant detail
Payroll
Manual cheque writing to all employees
Manual monthly payment to CRA
Paper-based pay-stubs
Manual T4 and ROE filings
AFTER
Accounting Workflow
Cloud-based accounting software - Xero
Paperless (bills and receipts)
Real-time financial information
ConnectCPA provides highly automated and timely monthly bookkeeping
Reporting to Board
Timely monthly reporting
Consistent and accurate financial reporting
Calculations of monthly runway and burn rate
Payroll
Employee payments by direct deposit
Payment to CRA made automatically with every pay-run
Custom portal for employee pay-stubs
Electronic T4 and ROE filings
Our Technology Solution
Growing companies need dynamic solutions and support.
“We have seen both sides of the coin. We transitioned to ConnectCPA from a traditional firm over two years ago and have not turned back. Over that period of time, our revenue has increased by a few hundred percent and we were recently listed on PROFITguide.com as one of the fastest growing Canadian startups. From technology to tax planning, ConnectCPA has helped us every step of the way!”