Case Studies
Small business year end tax planning
How we helped our agriculture client make smart tax decisions with proactive planning so that they would know their projected profits and tax liability ahead of time, and could take the right actions.
Commercial (B2B)
Booking, Vat & Accounts
Xero Software Setup & Training
Business Structure Reviews
Cashflow Projections
Turnover grew
From £800,000 to £1.8 million in four years
Director freed
From day-to-day admin, with team ownership in place
Monthly management accounts
(with full virtual finance function run by us) now guiding planning and decision-making
Credit control fully under control
Reducing stress and improving cash flow
Strategic support in place
Enabling share buyout and long-term planning
What was happening
The main case study narrative will display here from the Body field in the CMS.
What needed fixing
Director-led bookkeeping
This was time-consuming, very manual in process and wasn’t up to date
Inefficient invoicing
This was being done from Excel and manually input into Sage.
Sporadic credit control
There were lots of debtors, cash collection was poor, and there was increased stress on the business owner.
Too much responsibility sitting with one person
The director was doing all the selling, organising of the team, invoicing, bookkeeping, payroll and more.
How we approached it
- Identified a need to recruit
We gave our client the confidence to keep going with recruitment after a series of knocks until the right person was found. - Worked on business strategy
We discussed various options available to our client and helped them to see a way forward to meet their objectives. - Moved the business accounts onto Xero
Our team also transferred a year’s worth of data for comparison purposes. - Took on the handling of the full finance function
The client emails all supplier bills to Dext using a dedicated email address. Bank feeds are set up in Xero. Sales invoices are now raised from an industry-specific software integrated with Xero. - Sorted credit control systems
This is now handled in the first instance by Chaser app (integrated with Xero).
What Changed
(and, crucially, what this means for the business now)
The team now takes ownership and has allowed the company director / business owner to step away from most of the day-to-day admin of running the business
The business strategy support has “lit a fire” inside the business owner to take action and make things happen
Elaine has been, and continues to be, a huge asset to us, as we have expanded our agribusiness. She works closely with us throughout the year, over email, phone and farm visits to ensure our financial position is favourable. She completely understands us as individuals as well as our business and aids us in driving forward and growing.
Ross and Kirsten Williams
R&K Williams
If you’re facing similar challenges, we’d love to support you
Our conversations are always realistic. You’ll get real, helpful, lasting support for your business.