Year in Review: Our clients’ big wins in 2015

People tend to think of bookkeeping as a necessary evil. Your business has to have it, so just find someone who will do a decent job and whom you don’t have to pay too much.

We beg to disagree.

We like to use our service to do more than just keep our clients’ books clean. We like to go beyond balancing books to growing businesses. In that regard, 2015 was a very good year for us.

Today we want to showcase three clients who had big “wins” in the last 12 months.

Client #1: A Money-Saving Solution

One of our client’s businesses was facing some difficulties staying profitable. Looking at the books, we found some areas where expenses were duplicated and some cases of fairly extreme overspending. We met with the owner and devised a plan to cut expenses. Once the plan went into effect, we were able to increase the bottom line by over $30,000 a month.

Of course…big deal, right? Everyone knows accountants are penny-pinching killjoys. Let’s look at our second story, and see how we can help a client without forcing them to spend less.

Client #2: A Long-Denied Loan

A different client desperately desired a consolidation loan. He had gone to three different lenders, and been denied each time. He was getting nowhere in a hurry.

So, we took over.

First, we received authority to act on his behalf. Then we got to work, combing through his financials and organizing the data for presentation. Finally, we were able to present the information to the bank in the way we knew they wanted it. This time it was approved, and we were able to get our client a consolidation loan at one of the same institutions who had previously rejected him.

Thanks to those efforts, our client was able to consolidate his debt under one payment, and greatly improve his cash flow.

Still, that story isn’t as great as…

Client #3: Money from Thin Air

Sometimes, something as simple as developing better procedures can make all the difference to a business. This was the case with a client who didn’t have a good system in place for managing A/R.

Specifically, there was over $102,000 in receivables of which the owner was not even aware. (Some of the unpaid invoices were over two years old.)

When we discovered this large balance of aged receivables, we immediately began developing collections procedures, including a series of formalized letters to the debtors. Using the practices we put into place, over $30,000 has been collected within the last four months, with payments continuing to roll in.

To re-cap, that’s money that the client did not even know existed.

These are just a few of our highlights from 2015. We can’t wait to see what we do in 2016.

Recommended Posts