Action Circle
Solving the 'Early Payout' Reconciliation Nightmare
Action Circle is a premium social impact design studio dedicated to supporting nonprofits.
The Client Profile
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.
The Operational 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 Tallywise Intervention
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.
Execution & Strategy
Stripe Reconciliation
Stripe Reconciliation
We took complete ownership of this critical process, ensuring seamless technical integration and absolute accuracy in daily operations.
Journal Entry Adjustments
Journal Entry Adjustments
We took complete ownership of this critical process, ensuring seamless technical integration and absolute accuracy in daily operations.
Dashboard Verification
Dashboard Verification
We took complete ownership of this critical process, ensuring seamless technical integration and absolute accuracy in daily operations.
Process Documentation
Process Documentation
We took complete ownership of this critical process, ensuring seamless technical integration and absolute accuracy in daily operations.
The Results
Action Circle now runs on autopilot. The leadership team spends virtually zero time on manual financial administration, yet maintains 100% crystalline visibility into the numbers.
"Bookkeepers experienced with stripe."
Project Snapshot
- Stripe Reconciliation
- Journal Entry Adjustments
- Dashboard Verification
- Process Documentation