Overview
Solving the 'Early Payout' Reconciliation Nightmare
Action Circle is a premium social impact design studio dedicated to supporting nonprofits. They utilize specialized tools like Kick.co alongside Stripe to manage their projects and finances.
Transaction Match
100%
Stripe Batch Data
Verified
The Challenge
They faced a persistent issue with 'Mismatched Transactions' where Kick.co balances did not match bank statements. This was caused by the 'Early Payout' trap from Stripe and data grouping discrepancies from batch deposits.
The Solution
We triangulated the data by cross-referencing the Stripe Dashboard, Bank Statements, and Kick.co ledgers. We intervened manually to correct the ledger via General Journal Entries and provided detailed documentation.
Impact
Key Outcomes & Results
Action Circle now has financial records that accurately reflect their cash flow.
The mystery of the 'Early Payouts' was solved.
Books are balanced to the penny with 100% transaction match.
“Bookkeepers experienced with stripe.”
A
Action Circle
actioncircle.co
Details
Project Snapshot
Company
Action Circle
Industry
Social Impact Design
Tech Stack
Kick.co & Stripe
Deliverables
- Stripe Reconciliation
- Journal Entry Adjustments
- Dashboard Verification
- Process Documentation
Website
actioncircle.co