OnChain Accounting

BACKGROUND

Please describe your company and position.

I am the Founder & Head of Growth of Clectiq

Describe what your company does in a single sentence.

Digital growth partner helping brands rapidly adapt and scale with leading tech and ROI-driven marketing solutions.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire OnChain Accounting to accomplish?

Crypto bookkeeping

SOLUTION

How did you find OnChain Accounting?

Referral

Why did you select OnChain Accounting over others?

• High ratings
• Pricing fit our budget
• Great culture fit
• Good value for cost
• Company values aligned

How many teammates from OnChain Accounting were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

We engaged OnChainAccounting for comprehensive accounting and financial management services tailored to the needs of our digital agency. Their scope of work included:

1. Bookkeeping & Financial Reporting: They ensured all financial records were accurate and up-to-date, providing detailed monthly reports that offered us a clear picture of our revenue, expenses, and profitability.
2. Tax Compliance & Filing: They handled our tax preparation and filings, ensuring we complied with all regulations while identifying savings opportunities.
3. Payroll Management: Their team streamlined payroll processing for our employees and contractors, which was particularly valuable given our global team across multiple time zones.
4. Custom Advisory Services: They provided valuable insights into cost management and profit maximization, helping us align our financial strategy with our growth goals.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

• Improved Financial Clarity: Monthly financial reports gave us precise insights into revenue streams and expenses, helping us make data-driven decisions. This resulted in a 10% reduction in unnecessary expenses within the first quarter.
• Time Savings: By outsourcing bookkeeping, payroll, and tax compliance, our internal team saved approximately 15 hours per month, allowing us to focus on scaling the business.
• Tax Savings: Through strategic tax planning, they identified deductible expenses and opportunities we had previously overlooked, saving us 15% on our annual tax liability.
• Enhanced Compliance: They ensured timely tax filings and compliance with financial regulations, reducing the risk of penalties to zero.
• Optimized Profitability: With a detailed cost analysis, we identified key areas for improvement and increased our profitability this year by 8%.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

OnChain Accounting demonstrated exceptional project management throughout our engagement. They adhered to all agreed timelines, delivering monthly financial reports, tax filings, and payroll processing on schedule without any delays. Their structured workflow ensured that no critical deadlines were missed, even during busy periods like tax season.

Their responsiveness was another standout aspect of their service. Any time we had questions or needed additional insights, they responded promptly—typically within 24 hours. They also offered proactive updates, ensuring we were always aware of project progress and next steps.

Their ability to adapt to our specific needs, including accommodating our global team’s time zones, made them an invaluable partner. Whether it was providing additional reports or walking us through complex financial questions, their team went above and beyond to ensure our needs were met.

What was your primary form of communication with OnChain Accounting?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

What impressed us most about OnChainAccounting was their deep understanding of the unique financial challenges faced by digital agencies. They didn’t just handle our books—they acted as strategic partners, providing tailored insights that directly impacted our growth and profitability.

Their proactive approach stood out. They didn’t wait for us to flag issues or ask questions; instead, they consistently identified opportunities for cost savings, process improvements, and tax advantages. Their ability to simplify complex financial matters and present them in actionable terms made a huge difference for our team.

Additionally, their use of technology and automation tools streamlined every aspect of the process. From seamless integrations with our existing systems to delivering real-time updates, their efficiency and tech-savvy approach set them apart from other accounting firms we've worked with.

Are there any areas for improvement or something OnChain Accounting could have done differently?

They were great in every way!

BACKGROUND

Please describe your company and position.

I am the Executive of Cryptac Investments

Describe what your company does in a single sentence.

Crypto Investor

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire OnChain Accounting to accomplish?

• Crypto Reconciliation
• Bookkeeping
• Tax Planning

SOLUTION

How did you find OnChain Accounting?

Online Search

Why did you select OnChain Accounting over others?

• Pricing fit our budget
• Great culture fit
• Good value for cost

Describe the scope of work in detail. Please include a summary of key deliverables.

We had to clear the books for past 1 year and also get the crypto assets reconciled. All our books were a mess before we have the work to Onchain accounting guys. We also wanted to know about our tax liabilities and how to plan our taxes.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

Our gains and tax figures were quite accurate. The closing holdings were matching with what we are having as on the date of submission which further gave us assurance.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

The OnChain accounting team used to deliver the updates regularly. The assignment delivery was also as per the scehdule. They were immeditaley available for any query and clarifications we needed. 

What was your primary form of communication with OnChain Accounting?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

They have command over crypto and business taxes. Excellent communication. They explained things to us in very simplied way that was easy for us to grab.

Are there any areas for improvement or something OnChain Accounting could have done differently?

Nothing that I can think of.