Case Study – Halliwell Construction

by Nic McCondach
on 29 Jan, 2020
Nic McCondach

When we met Brad he had had several office workers.  He was urgently needing some help to keep his office running.  A busy building company with several jobs on the go and employees who needed to be paid.

A Xero file had been set up and was in use but it did not include the full years transactions and had no opening balances.  Invoices had been entered but not reconciled to supplier statements and it was nearly impossible for Brad to know how much money he owed or what was actually owed to him.

Our first action was to reconcile Xero to the bank account and reconcile all supplier invoices to statements.  This involved calling suppliers, getting copies of invoices and making sure that future information was sent to a specific email address we had set up (this also enables us to work remotely if necessary).

We now visist Brad/Halliwell Construction on a weekly basis and manage the admin and bookkeeping for his three companies.  Our work includes entering supplier invoices for payment, preparing invoices to be sent to his clients, payroll, GST preparation and filing, and monthly reports.  We also load payments to his bank account for  his approval.

Brad now has a clear view at any time on who he owes money to and what is owed to him. He can also see how his jobs are tracking and easily apply costs to individual jobs.

At year end, his financial information will be ready for his accountant and his costs will be reduced.  The biggest benefit is  the peace of mind we have given Brad.

If you need affordable expertise to take the devil out of your admin and bookkeeping, please get in touch with us for a free no obligation chat about your business.  We can give you freedom and peace of mind.