Year - 2002
Once graduated as a Chartered Accountant, Wayne spent years gaining experience within the accounting industry before setting up his own practice. Frustrated with the tedious and time-consuming task of bookkeeping, he assembled a team of financial and technology professionals and created LedgersOnline, an online service which would allow for their bookkeeping staff to access their clients’ accounts remotely. Something that in 2002, was ahead of its time.
Utilizing the cloud
Year - 2003
After a great deal of research, the LedgersOnline team began hosting their first desktop accounting application, Intuit’s QuickBooks. At this point, cloud computing was a term that was never before heard in the accounting industry and this was a revolutionary move that would enable LedgersOnline’s clients to access the same accounting file as their bookkeeper. This not only made collaboration between bookkeeper and client easier, it also enabled the client to lower their overall accounting costs. Continued growth and success followed with this business setup.
Built "The Portal"
Year - 2010
With almost 8 years of running his own accounting practice, Wayne noticed a fundamental flaw in how bookkeepers and their clients shared information. With the advancement of cloud technology he decided to hire a team of technology experts to design an internal document management system. The system was named “The Portal” and the new interface meant LedgersOnline was no longer limited to their Vancouver location, but was able to work with clients throughout North america and beyond.
Released LedgerDocs Beta
Year - 2011
With the great success Wayne saw using The Portal in LedgersOnline, he decided that this document management system could help other firms overcome their own problems in receiving and managing client documents. At this point, Wayne and his team decided to rename the application to “LedgerDocs” and released it to the public.
Year - 2012
With an overwhelming interest in LedgerDocs, there was an obvious need for an application that would help clients and bookkeepers work together in a more streamlined fashion. Using the feedback of bookkeepers, accountants, and business owners, the LedgerDocs team started working on a number of features that would help to streamline the overall bookkeeping process even more.
Year - 2012
As a first step into mobile apps, the LedgerDocs development team decided to release their first mobile application using Apple's iOS system. The LedgerDocs iPhone app would allow users to take a picture of their important financial documents, while giving them the ability to add notes, tags, and other important information to provide context behind the source document.
Innovation Award Nomination
Year - 2014
LedgerDocs was nominated for a CPA Practice Advisor Tax and Accounting Technology Innovation Award. An annual award ceremony, which recognizes technology vendors serving the tax and accounting professionals with exceptional product development.
Released Dropbox Integration
Year - 2014
Leader in file storage, Dropbox became the first integration for LedgerDocs. This integration combined the collaboration features of LedgerDocs and the powerful file sharing tools of Dropbox allowed for a unique way to share financial information.
Year - 2015
With mobile apps becoming more and more popular, LedgerDocs decided to release an Android application that would allow for users to capture, tag, and upload documents directly to their LedgerDocs account. This made sharing documents even easier as users can snap a picture of their receipts and other information as soon as they received it.
QuickBooks Online and Apps.com
Year - 2015
An official release of LedgerDocs's second integration came after some time in beta with the announcement of their entry into the Intuit App store. With over 470,000 documents uploaded and 1,100 users to date, the integration allowed for a seamless process of receiving documents and creating transactions in one simple click, while never having to leave the LedgerDocs interface.