Monthly reconciliation

The corporation should perform monthly reconciliation and reporting of all financial transactions to ensure the board of directors has visibility into the financial health of the organization.

RoboJackets responsibilities

These tasks should be completed by end of day on the first day of the following month.

• Sync Ramp transactions to QuickBooks

• Sync invoices and payments from Loop to QuickBooks

• Notify Foundation Group when Ramp and Loop transactions are synced to QuickBooks

Once Foundation Group provides reports, review the reports within two business days and provide written sign-off.

Foundation Group responsibilities

• Split processing fees deducted from Square deposits

• Create expense entries for any Mercury credit card or bank account transactions

• Reconcile Ramp and Mercury account statements with QuickBooks

• Produce reports describing activity for each month as well as the financial position at the end of each month