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Getting Started with Ledger Labs

Well Researched & thought out onboarding practices to ensure smooth transition to world class accounting & bookkeeping services.

Data Security

 

World Class Security with Remote Cloud Infrastructure

Remote Focussed Technology

Technology geared to support remote accounting teams and communications

Documented Processes

 

Process development and documentations to ensure everything goes as per the plan.

Regular Updates/Communication

Responsive team with frequent updates on your account.

Dedicated Success Managers

Dedicated Managers to have consistency in plan and communication.

100% Takeover on Day One

Taking over your accounting function on Day one to help you relieve the stress.

A Well Orchestrated Onboarding Experience

Ledger Labs has well-developed process built on the experience of 15 years in accounting. We have a process for everything, from service demos, file reviews, and proposal creation processes to implementation/onboarding and determining the appropriate technology integrations for your needs.

Step 1
Step 1

DEMONSTRATION:

  • Complete the form on this page OR call 1-000-000-0000, or email info@theledgelrabs.com to discuss your needs with the Ledgerlabs and setup a demo of our services
  • A member of our team will do a demo of our services for you
  • We will send a Non-Disclosure Agreement (NDA) prior to reviewing your accounting data
  • You will send a copy of your accounting file to ledgerlabs for analysis
Step 2
Step 2

DISCOVERY

  • We will schedule a file review with a dedicated CPA and file analyst to analysis your accounting and discuss your expectations and preferences.
  • We prepare and present up to three tiers of service options in a proposal for your review.
  • You review your proposal for questions or adjustments.
  • You select your service tier and accept the agreement.
Step 3
Step 3

INTERNAL PREPARATION:

  • Our team gets to work setting up your file and preparing for your arrival!
  • Our Implementation Manager reaches out to set up your initial getting started call.
Step 4
Step 4

GETTING STARTED:

  • Join your new AccountingDepartment.com Implementation on the Getting Started conference call (1-3 hours)
  • Discuss roles and communications
  • Discuss details on Accounts Payable process
  • Discuss details on Accounts Receivable process
  • Discuss details on Payroll processing
  • Start creation of Client Procedures Manual (CPM)
  • Set up conference call schedule with your Implementation team.
Step 5
Step 5

PROCESSING:

  • Start processing daily work
Step 6
Step 6

SYSTEM SET UP:

  • For access to our secured servers for 24/7 availability to bookkeeping files
  • For online access to bank accounts
  • For online access to all credit cards
  • For access to payroll accounts
  • To clean up chart of accounts
  • To clean up balance sheet accounts
  • For invoicing schedule and processes

If Needed:

  • Perform back work on previous months
Step 7
Step 7

IMPLEMENTATION:

  • Internal closing and books are closed
  • Financial statements are sent to client
  • Implement financial dashboard

Get Started

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Accounting & Bookkeeping Services

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Get An Industry Specific Custom Proposal & Consultation

Schedule a Consultation with our Co-Founder Gaurev Jane. You’ll get to know how are you doing currently on accounting side & will get an expert opinion on what you should do next.

 

Always Included: 

  • Expert, Birds eye review on Your future goals & current situation

  • A milestone based roadmap to reach your goals

  • Estimated Price Range for our services in case you ask for it.

Never Included:

  • High-Pressure Sales

  • Endless Followups

  • Generic “Financial-Speak”

Feel Free to schedule the call. We believe in interacting more often with the businesses to keep a tab on the current business scenarios and try to be more relevant to the needs of our clients.

 

Call For a Consultation

(844)-300-0137

Or Send a Message

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Frequently Asked Questions

1. Who will be doing my books? Will they be same people every month?

A team of a bookkeeper & an accountant will be dedicated to your business. Same people will work on your books every month.

2. How do you ensure accuracy? Do you take responsibility for any unexpected outcomes?

We take pride in our accurate reporting, which helped us generate much bigger client base just from word of mouth. Core three Reasons

1. Same set of accountants working on your books.

2. Documenting every process and discussions.

3. Three Stage checks with first level, second level & third level review done before delivery of financials.

We take full responsibility of the unexpected outcomes and wont be charging you anything additional until you get the desired results.

3. What type of businesses you work with?

We are a Good Fit, If Your business:

 

  • has an Annual Revenue between $1 million and $100+ million
  • is A U.S. company or U.S. subsidiary
  • Owner/Founder/CEO/CFO is interested in / significantly involved in the “numbers”
  • has a Management that desires and appreciates:
      • Best Practices – accounting processes & procedures that drive efficiency
      • Higher level accounting such as budgeting and forecasting, Scenario Modelling etc.
      • More advanced reporting such as product costing & department budget vs actuals.
      • Cutting edge technologies
      • Require better security around financial information
      • Have complexity in accounting (including but not limited to, complex commissions, foreign currencies, multiple entities, etc.)
4. What apps/platforms do we work with?

We are pretty much well verse with every latest tool and technology available as we keep on testing it out for improving our current client processes. You can check the section above showcasing some of the tools we work with.

5. When can I expect my financial reports every month?

Depending upon the business complexity and processes involved, the closing of a month may take different times. Generally we tend to close the books within first week after a month ends.

6. Can i end the contract in between?

Generally, we don’t have this situation with our clients, but in case you want to, you can end the contract anytime writing an email to your accountant.

7. How do i transform from my existing bookkeeper to you

We have traversed this path quite often. You just need to provide us access to your books & data storage. We will figure out your entire business by researching ourselves within one week. It will be great if your current accountant can answer some of our post review questions, if not, then that’s also fine. We know how to get past that as well.

9. Is Support available? Can i ask regular questions?

Yes, you can connect with your accountant anytime during working hours and they will be answering any questions you may have.

10. How do you work with us remotely?

We assign you a U.S.-based accounting manager & a bookkeeper & an accountant who will communicate with you in many different ways including phone, email, text message and zoom, whatever works best for you.

11. Do I still need in-house bookkeeping or accounting staff?

No. You may decide to handle certain accounting functions in-house, or we can become your complete virtual accounting department. The LedgerLabs service team will need to liaison with someone on your staff however, they do not need to have accounting skills.

11. How long does it take to get started?

We have a disciplined, centralized onboarding process to make sure we are efficient with your time and you benefit from the highest quality system design we have to offer. We handle your books right away! However we take the time to really understand your business and incorporate your feedback in the onboarding process. Full design and optimization of your accounting systems, policies and procedures, and reporting needs takes sixty to ninety days.

12. What happens if my accountant is out and I have an emergency?

Just because your accountant needs to step away doesn’t rule out an outsourced relationship. The beauty of accounting services is that it’s team-based, and your partner firm will have the professionals—and processes—in place to continue successfully managing your account. 

14. How long does it take to see results from your services?

Remember: With a little patience, an outsourced relationship can be productive. After the first 90 days, your business starts to see new levels of organization. But in the meantime, an outsourced partner provides support if any issues arise during onboarding—and with a team to support them.

15. How do I know that my information is secure?

LedgerLabs puts security measures in place for all confidential information. Financials are stored in a data center with multiple levels of security that can only be accessed by Ledgerlabs and the client.  In addition, sensitive information is encrypted and uploaded to the client’s private portal.  There is a two-factor authentication to login to the portal to safeguard accounts and information at all times. Employees must pass a background check to be hired at Ledger Labs, and the company is fully insured for cyber and crime security.

Our Thought Leadership

Aug 14 2022

Demo 5

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Aug 14 2022

Demo 4

Aug 14 2022

Demo 3

Aug 14 2022

Demo 2

Aug 14 2022

Demo 1

Aug 08 2021

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Still have Questions?

We love to connect. Contact us anytime!

Email

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Whatsapp

+1 213-444-4992

Schedule

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Phone

+1 888-333-0992

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