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The following case study relates to how our experts at ‘Accountant First’ helped Mr. Stevenson manage his finances, increase customer portfolio and overall multiply the profits in short span of time.

$107,103

In tax savings

3X

Increase their property portfolio by 3 times

$2,780,567

Increase in net wealth over original investment holdings.

Whilst this is an actual example, all personal details have been changed, for confidentiality purposes.

Our clients


Mr. Stevenson, before approaching “Accountant First”, owned quite a handsome business to start off with. With the ownership of almost 7 shops and other trivial investments in other businesses, he had quite a lot on his plate. Although he had a hired professional book-keeper, he was finding it tiresome to find extra time to over look his own accounts and taxes with managing so many enterprises all at once.

 

He needed guidance and expertise on the simplification of his management and better book-keeping skills to handle all of his assets and help in creating new investment opportunities. For this he approached ‘Accountant First’ and a short description of how our proficient business advisors and financial consultants helped him get through his dilemma.


Problems before approaching ‘Accountant First’:

  • The existing accountant of our client had restricted him to only basic business tax preparation services leaving no room for innovative advice on strategic investments.
  • He was paying a handsome amount to his previous book-keeper to manage the cash flows, yet he had no proper insight to all the cash flows and the individual performance of his various business enterprises; furthermore, he had no exact idea of the net worth of his total capital growth.
  • Even though the accountant kept record of all the books, the lack of new and improved techniques restricted them to grow to more innovative platforms of smart investments and financial record-keeping; which was costing our client extra.
  • With overlooking several enterprises and managing all of his businesses, Mr. Stevenson found very little time to overlook his savings to invest further in viable businesses and generate further income.

Approaches used by ‘Accountant First’ to manage book-keeping:

  • Our expert book-keepers and certified public accountants helped conduct an extensive research on the financial records and the previous books managed by the previous accountant to ensure that an appropriate strategic approach was implemented.
  • Our accountants, with the help of our expert software developers, helped create an automated book-keeping interface with ease-of-access controls to enable our client to review and manage all of his various business enterprises and their individual cash flows with just a few clicks and implement amendments where-ever required.
  • The integrated software created by our proficient team members also send invoice and payroll details of the employees of the various business enterprises; rendering our client to deploy pay-rolls and invoices online to various individuals with just simple clicks.
  • Furthermore, the software generated reports of the current changes in his various enterprises to help him better manage the varying day-to-day tasks without being late and in real time.
  • We helped our client establish and online marketing strategy in order to expand the businesses with the help of digital marketing rendering the businesses evermore successful than before.

Results after implementation of ‘Accountant First’ Solutions:

Since adopting our recommendations, Mr. Stevenson have achieved the following:

  • By creating an online business platform, Mr. Stevenson can now access his business details at anytime and at any place he desires.
  • By creating an automated online system for our client, the time and effort wasted on paperwork and manual data entry of the varying cash flows was eliminated clearing up much needed time for other managerial tasks.
  • Our client’s business cash flows have been considerably increased with the automation of invoicing and track-keeping of various business tasks.
  • With up-to-date and real-time reporting of all of the cash flows and account managing, our client does not have to wait for the end of every 6 months or every month to generate the net worth of his profits and losses, rather he can review all of his accounts at any time he desires.
  • Our client now pays all of his employees with just a few clicks which also in turn guarantees for employee satisfaction with the deployment of payrolls on time.
  • With the aid of our strategic digital marketing techniques, our client has reported a considerable increase in his previous business ventures, which has lead to the generation of business profits.

Post becoming clients

We meet with Mr. Stevenson before the end of each quarter to discuss his business finical status, cash flow & performance to identify potential business issues before they become problems, and opportunities his business can successfully take advantage of.

 

We also regularly review Stevenson’s financial goals and track the progress of each of his asset buckets, constantly keeping an eye open for investment opportunities as well as taxes strategies for further growth of his wealth.

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