CHALLENGE
A client was paying a significant amount for weekly accounting services that were both time-consuming and inefficient. We were engaged to conduct a forensic review of the financial accounts, identify the issues, and provide a more streamlined and cost-effective solution moving forward.
OUR APPROACH
I spent about half an hour reviewing the client’s accounting software and processes. It quickly became clear that many manual processes were in place due to the previous bookkeeper’s lack of experience with modern accounting tools. I identified several opportunities to automate and streamline these tasks, and I provided a set of recommendations and a cost estimate for the improvements.
FINDINGS & OUTCOME
After implementing the changes, we reduced the weekly accounting work from about ten hours down to roughly one hour a week, with just a bit of extra time at the end of the month. This not only saved the client money but also gave them a much clearer understanding of their accounts. They were impressed by how quickly these improvements were identified and how the previous manual workload was no longer necessary.
RESULT
In the end, the client went from needing extensive weekly accounting hours to a streamlined system that required minimal ongoing effort. This case highlighted the importance of leveraging proper accounting tools and experience to create efficient processes and provide clients with accurate, cost-effective financial management.
