I.T. and Communications Businesses

Client:IT Professional, Medium Sized, Trading for 3 years
Objective: Having the Right Information to Make Decisions

Kim and Sue are building an IT software consulting business.  They have a small team of developers and have a lean operation. They needed to have the right financial information to grow the business, manage their cashflow and stay on track with the longer term goals.

CP1 helped Kim and Sue establish their project management and cloud accounting systems so that the information flows between the systems. Manual processing is limited by using applications to capture and code expenditure details from scanned invoices or receipts, and record employee and contractor time to projects.  Connective applications allow the transfer of data seamlessly.

Monthly management accounts are prepared in a timely manner, with comparison against budget, KPI reporting and cashflow analysis and projection ready for review.  This allows Kim and Sue the confidence to get on with growing their business.

Services provided:

• Virtual CFO services
• Accounting Services
• Tax compliance and advisory

Speak to one of our team about how we can be a virtual CFO for your business, or help you to set up your accounting systems for your team to get the right information for your business on 1300 360 186.

This case study is not intended to imply advice to your own situation. Please speak to us to understand your financial needs, objectives and circumstances.