Automating NiceJob's Monthly Bookkeeping
NiceJob offers a complete platform for reputation marketing, including customer review collection, website management services and marketing automation to help service companies drive sales through online reviews and get the reputation they deserve.
Lars Kristensen is no stranger to startups.
At his 4th venture, the reputation marketing software, NiceJob, Lars is growing his bootstrapped SaaS company quickly, doubling their client base year over year.
In his role as founder and CEO, he wears many hats. The majority of his time is spent working one-on-one with team members, particularly on the product side supporting the engineering and design teams. He also spends time speaking with customers to ensure expectations are being met, and exceeded.
Unfortunately, another hat that Lars was wearing was that of their part-time accountant.
The Challenges
Common amongst entrepreneurs, Lars was doing the bookkeeping himself in his evenings. He quickly realized this was not a good use of his time and that offloading it to a company that specialized in bookkeeping would be a better solution. That led him to reach out to Enkel.
Stripe, NiceJob’s payment processing platform, doesn’t have built-in tax reports. So every month, Lars would export the data from Stripe and update a spreadsheet to create tax reports to then upload into Quickbooks Online. It was tedious and time consuming, not adjectives leaders want to describe their work.
The Solution
Customized Bookkeeping Process
NiceJob signed on with Enkel for monthly bookkeeping services. Like any new relationship, there was a ‘getting to know you’ phase at the beginning. This learning curve was quickly overcome through the onboarding process as expectations were clearly set and workflows created. Minor bumps that came up along the way were quickly addressed and from there, it was easy to adjust to their new way of bookkeeping.
“Enkel really took the time to understand our business and craft a process that worked best for our company.”
Integration of Tech Tools
One of the most impactful changes was tackling the tax exports from Stripe. Now, Enkel has direct access to Stripe and with the help of a custom built connector app, tax data is directly sent to Quickbooks Online. This means less involvement at month-end and more time for Lars to focus on growing NiceJob.
The Results
With the monthly bookkeeping taken care of, no monthly report is more essential to NiceJob than the cash flow statement. As a growing startup, the accuracy and reliability of the reports allow them to maintain their runway and adjust their forecasts as necessary.
What was once a heavily involved process is now a breeze for Lars as Enkel liaises directly with NiceJob’s SR&ED consultant and year-end tax accountant for annual filings.
Managing payroll through Quickbooks Online, NiceJob found an error with T4 slips in a previous year. Now they have Enkel’s payroll specialists review the T4s before they’re issued to employees to ensure error-free statement delivery.
Ready to simplify your accounting processes?
You’ve probably got a lot of questions, and we’re ready and waiting with answers. Let’s have a quick chat about how Enkel can help with your accounting headaches.
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