LedgerSync is the idea of founder and VP of Operations Christopher G. Ragain, CPA-
who came up with the idea for LedgerSync when a small business client
of his complained about providing bank statements every month. Positive
that there had to be a better way, Ragain put together a team of
developers and accounting professionals and created what could be the
most significant accounting software for bookkeeping in years.
LedgerSync is powerful because of its simplicity. Easy to follow
setups, minimal client interaction, and simple exports to QuickBooks,
Accounting CS, Sage, and more makes LedgerSync easy to implement for
both the accountant and the client. LedgerSync is cloud based software
with one mission- to allow accountants and bookkeepers an easy way to download client bank information directly into their accounting software.
"LedgerSync has cut our data entry time by more than 70%," said Nick
Boyd, Senior Accountant at Ragain Financial. "Clients love it because
they don't have to provide bank statements every month, we love it
because we don't have to key transactions anymore. It is a win-win!"
More than just bank transactions, LedgerSync provides accountants
with check images and bank statements too. All other online accounting
software companies only pull bank transactions. By providing checks
and bank statements, LedgerSync closes the gap and allows bookkeepers to
pull financial information for their clients whenever they need it.
LedgerSync is a significant step toward helping accountants really
automate the bookkeeping process.
Even more important to accountants, LedgerSync allows users to
continue using their desktop accounting software which is more cost
effective and in many ways more efficient than the online software
offerings. However, even accountants using online software can take
advantage of LedgerSync for two important reasons: 1) Check images and
bank statements are still needed with online accounting software. 2)
LedgerSync is only $2.00/bank account per month- making it extremely affordable.
"As an accountant and a CPA in private practice, I know what my
colleagues face everyday in their bookkeeping and financial statement
practices," said Christopher Ragain, LedgerSync's VP. "I built
LedgerSync from the ground up with the accountant in mind. It does not
matter what software you currently use, LedgerSync can help."
LedgerSync is officially launching at the Scaling New Heights Conference in San Antonio, TX June 16th - June 18th, 2014. http://www.scalingnewheights.com
Accountants can try LedgerSync free for 30 days at http://www.ledgersync.com
The
tax is withheld at source by the “withholding agent” or the payor of
the income. A withholding agent can rely on a claim that a beneficial
owner (the person receiving to the income) is entitled to a reduced rate
of withholding tax based on a treaty if, prior to the payment, the
agent receives a withholding certificate from the beneficial owner of
the income. The withholding certificate is generally provided on Form
W-8 BEN, Foreign Status of Beneficial Owner for United States Tax Withholding.
- See more at:
http://blog.barnesdennig.com/2014/06/reporting-payments-to-foreign-individuals-and-entities#sthash.mB62mwpP.dpuf
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