Case studies

Industry: Residential Trades

Problem:

Previous accountant converted from a desktop app to an online accounting app.  The software wasn’t setup properly and the external accounting team was not familiar with usage of this app.  The bookkeeping was behind.

Solution:

We were able to convert the existing transactions to QuickBooks online and get the bookkeeping cleaned up and up to date.  Within a month.  Also worked with the internal admin to leverage the technology.  Services provided include ‘Second look’ at the bookkeeping, regular ‘check-in’ calls with the owner.  Cash flow analysis, year end tax return and personal taxes as well as software advisory.

Industry: Not for profit.

Problem:

Dated systems and traditional accounting processes prevented this organization from being able to take advantage of new technologies. Many of the directors were in remote locations so authorization for vendor payments were paper based, time consuming.  Payments to vendors were often late resulting in late payment fees.

The dated accounting system was inflexible and was unable to produce timely or accurate financial statements or budget reports. The quarterly financial statements often contained incorrect or inconsistent information being presented to the board or directors.

Solution:

The accounting system was converted with two years history to online accounting software (QuickBooks Online).    By utilizing an online and modern accounting system, both budgets and financial statements are accurate, consistent and able to be generated quickly.

Implemented processes that reduced paper and decreased processing time.  Where possible 3rd party applications were utilized to allow for online line approval and authorizations. Implementing these processes increased the speed of payment processing without sacrificing the control processes.  EFTs and online payments (with dual signatures) were implemented for vendors including several US vendors.

Developed standardized, documented bookkeeping processes with control and authorization levels that conform to auditor’s requirements.

Industry: Environmental

Problem:

Outdated software and lack of process prevented accurate information from being available to the business owners.  Filings were often late. There were no consistent processes used across multiple locations.  Senior accountant had recently left the firm leaving only junior accounting staff behind.

Solution:

Updated to current version of software and implemented consistent processes across all locations.  Assisted in the recruitment of a full time senior accounting staff member.

Industry: Technology

Problem:

Accounting was being done using multiple sources ie: spreadsheet and ‘lite’ accounting software.  The year end accountant had been requesting the client move to one system.

Solution:

Using the year end accountants chart of accounts, financial data was merged from the multiple sources into one.  Training was provided to this client enabling them to complete their own bookkeeping.

Industry Manufacturing

Problem:

This organization needed to switch accounting packages to be able to take advantage of 3rd party applications.

Solution:

Converted accounting software from Sage (Simply Accounting) to QuickBooks Online.  Moved client to online version of an industry specific billing system and connected it to QuickBooks Online.

These are just some of the projects we have completed.  Some of these have become  clients and others had external accountants they were happy with and are still with them.  We can work with you in either case!

Interested in finding out more?  Connect with us for a free 15 – min consult.

15 Minute Consult