Client Profile: A small business providing locksmith services with 4 employees and annual revenue of $300,000.
Client Challenge: Like many new business owners, our client was overwhelmed, stressed, and falling further behind in his accounting paperwork. He had no idea where he stood with his suppliers and customers. A second fiscal year end had approached while the first year end was still incomplete and not reconciled.
Our Solution: We began the process of carefully untangling the bookkeeping records and analyzing each monthly bank statement to identify which transactions were not yet posted while correcting those transactions that had been entered incorrectly.
The Results: In just six weeks, both years were balanced and forwarded to the accountant for the yearend review and filings. The accounts receivable and payable were brought up to the date and the owner started to relax, knowing that he could rely on us to keep his accounting on track.
12 years later we are still fulfilling the ongoing bookkeeping needs of our client. Today, his business operates more profitably and his earnings have increased, enabling him to take long vacations.