Client operated as a services trade to construction industry. The business had poor profitability and cash flow.
How we solved it
The Accorti team reviewed the internal business systems and processes. Working together, we updated the accounting systems to enable real-time job and cash flow reporting, allowing the business owner to understand the business’ financial position at any time. To help manage cash flow better, we established a payment collection process that was enabled to support various payment methods.
Business owner was equipped to see where they were losing money, understand the reasons why and implement remedial action leading to cost reduction and timely payment collection.
Bookkeeping, business processes and systems review, financial reporting, business advice