The Background
A well-established coffee company recognized the need to refine its financial management system in Xero. Aimed at optimizing their operations, they sought StruFin’s expertise to overhaul their accounting processes—including cleaning up their accounts receivable and payable, streamlining the general ledger, integrating systems, and enhancing overall efficiency.
Challenges
Inefficient account management led to difficulties in tracking financial transactions. The general ledger was cluttered, impacting financial reporting and analysis capabilities. Lack of system integration resulted in manual and error-prone processes. The chart of accounts was overly complex, hindering quick decision-making.
Our Approach
Accounts Cleanup: Conducted a comprehensive review and cleanup of accounts receivable and payable, providing an accurate picture of financial health.
GL Streamlining: Simplified and reorganized the general ledger to align with best practices for financial reporting.
System Integration: Resolved issues in the ‘Unleashed’ inventory management solution to automate and synchronize operations with accounting.
Chart of Accounts Rationalization: Refined and streamlined the chart to facilitate better tracking and reporting.
Sales Reconciliation: Established robust sales reconciliation processes that enhanced accuracy and oversight in financial reporting.
Results
Our intervention brought about transformative changes:
Real-Time Financial Clarity: Immediate access to a clear and accurate financial status of the company.
Enhanced Reporting: Streamlined the general ledger, enabling more efficient and insightful reporting.
Integrated Operations: Seamless connection between ‘Unleashed’ and existing systems, improving overall productivity.
Optimized Chart of Accounts: Reduced complexity, making it easier to analyze financial data and make informed decisions.
Accurate Sales Figures: Reliable sales reconciliation process, increasing confidence in financial statements.
Client Feedback
The team at StruFin has worked wonders with our financial systems. Their diligent cleanup and thoughtful integration have given us a renewed sense of control over our finances. We can now access precise financial information with ease, allowing us to focus on growing our business rather than getting bogged down by numbers.
Enquiries: service@strufin.com || Ph: +91 9890684173
Strufin helps you manage your Finance and Accounting at world-class standards – enhancing your global competitiveness while systematically handling risks.
Contact
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Pimple Gurav, Pune – 411061
Pimple Gurav, Pune – 411061
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Jorhat-785001