Case Study

Chris* was in the process of establishing a new business and realised early that he was not going to be able to continue doing all of the work necessary to stay on top of the books.

He looked at what he was doing and found that he was wasting up to 8 hours every week doing things he shouldn’t.

Work that was taking him away from his business such as:

• Processing multiple expense transactions
• reconciling multiple bank and credit card accounts
• processing payroll
• correcting mistakes he had made entering data twice
• filing all the day to day paperwork

Chris found that he was spending about 8 hours per week. That’s over 400 hours per year! Chris knew that he could quite easily generate at least $80 per hour focusing this time to his business. That represented a cost to Chris of $32,000 per year to do the work himself.

How we helped Chris

It was obvious when we spoke to Chris that he needed to completely outsource his bookkeeping and accounting requirements. He could really benefit from our Virtual CFO services, so we suggested our PlatinumPartner package including:

• AdvisorPlus Gold to cover all tax and GST requirements and to also provide regular management reports and budgeting and strategic assistance.
• Payroll services - processing the payroll for 4 employees and tracking the quarterly superannuation requirements
• Bookkeeping services - with the systems and procedures we have implemented we have been able to process Chris’s transactions in a more efficient manner.
• We also provided Chris with access to his business results through Xero. Anywhere. Anytime.

Chris was able free his time to earn at least $15,000 per year above our cost².

So what would you do with an extra day a week? It's time to free your time & your mind. Talk to Your Accounts Department today for a free initial consultation.

Phone us on +61 2 8006 5250 or send us an email.

* For the purposes of Client confidentiality Chris is not the client’s real name.
² This example was specific to Chris and you would need to evaluate your own circumstances independently