Savvy started with:
The Client had been doing the books themselves for 6 months coming to realise it was taking up too much of their time, and not allowing them the headspace or time on growing their business
A professionally set up Myob, which the Client tried to maintain to the best of their ability
Weekly payroll with 3 staff members
All payments made electronically to suppliers and staff
Actions: Client is in her 20’s, constantly learning and very ambitious
Immediately we began payroll on a weekly basis
Business has grown from one store to two in the past 7 months; 5 months after Savvy took over the bookkeeping: 2 separate ABN’s as advised by their Accountant.
We initially had a few bookkeeping issues with the set up of the new store. The client did not discuss with us the timeframes and banking.
Set up’s for the new store which resulted in massive transactions via a clearing account for the first 3 months of trading.
Savvy assisted in converting the client from Myob, with a manual stock system to Xero with an integrated POS system.
Client has all suppliers set up with COD terms and has excellent control of cash flow in both stores.
Savvy processes the weekly payroll and all superannuation requirements for both stores – 10 staff in total.
Close working relationship with the Client’s accountant at all times.