Mayyim Hayyim, a Jewish nonprofit organization founded in 2004, is dedicated to providing a sacred space for the ritual of mikvah — a practice observed during significant life moments. With a mission deeply rooted in trust and community, Mayyim Hayyim faced a critical challenge when they discovered an employee embezzling funds in 2018. This breach of trust not only jeopardized their financial stability but also strained their relationship with the Jewish community they served.
Mayyim Hayyim lacked structured financial procedures since its inception, relying on an adaptive approach as they grew. However, the embezzlement incident in 2018 exposed the need for stringent financial protocols. Their previous bookkeeping partner failed to detect the fraud, and Mayyim Hayyim had to swiftly resolve the issue, regain community trust, and establish clear financial procedures that separated fiduciary responsibilities.
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Mayyim Hayyim turned to BooksTime for a solution following the embezzlement incident. BooksTime’s senior leadership provided personalized consulting services, streamlining reconciliation processes, and offering feedback to improve financial management. With BooksTime’s expertise, Mayyim Hayyim implemented changes that instilled confidence in their financials. Furthermore, BooksTime’s founders, Yakov and Sonya Livshits, brought their cybersecurity and accounting expertise to protect Mayyim Hayyim with industry-leading fraud prevention measures.
The BooksTime team assigned to Mayyim Hayyim is composed of dedicated accounting experts who played a pivotal role in transforming the organization’s financial processes and security.
Thanks to the partnership between BooksTime and Mayyim Hayyim, the organization regained control over its finances, rebuilt community trust, and focused on its mission. BooksTime’s consultations empowered Mayyim Hayyim to make informed financial decisions, accurately budget, and strategically expand their team. Collaboratively working on the budgeting process, Mayyim Hayyim’s staff now ensures that their budgets tell the right story, fostering greater transparency and financial accuracy.
The partnership between BooksTime and Mayyim Hayyim allowed the organization to regain control over its finances, rebuild community trust, and focus on its mission. BooksTime’s consultations empowered Mayyim Hayyim to make informed financial decisions, accurately budget, and strategically expand their team. Collaboratively working on the budgeting process, Mayyim Hayyim’s staff now ensures that their budgets tell the right story, fostering greater transparency and financial accuracy. With a dedicated team of accounting experts, including Sonya Livshits and Tatyana Anisina, BooksTime continues to provide invaluable support, safeguarding Mayyim Hayyim’s financial well-being and allowing them to thrive in their mission.
