Foster Results took Square 1’s financials back down to the studs to rebuild a financial foundation that would work cleanly and reliably.
When paying bills, filing financial reports and general bookkeeping began to detract from the time he spent with his patients, as well as his family, he knew it was time for a change.
As a fast-growing business with limited accounting expertise, it became imperative for TSI to partner with an outsourced, full-service accounting partner to alleviate the burden of day-to-day bookkeeping duties, including serving as administrator of their company payroll services.
After a two-year period of management regaining and performing the accounting duties, it became apparent that management needed to focus on other aspects of the fast-growing business on a day-to-day basis.
When Two Hearts founder Coleen Ellis opened her pet loss center in 2004, she quickly recognized that a major challenge to business ownership was full comprehension of all of the complexities involved in the implementation of a proper accounting system.
To create better controls for day-to-day nonprofit accounting practices and to provide solid financial information to internal departments, auditors, funding partners and its board, Coburn Place sought a partner that not only had extensive knowledge of nonprofit accounting but could also navigate Coburn Place’s complicated tax credit practices and grant tracking requirements.