New Case Study: “Our accounts department has been completely turned around”

 

Cloud accounting is allowing many businesses to maintain ‘business as usual’ when it comes to keeping on top of their finances. However, it is not just about the base accounting package, but the key apps too which enhance the system and provide further benefits to the ability to have remote access. Whilst you may already be maintaining your accounting information in the cloud, there are key areas of your finance function that also need to operate in the cloud and, through additions to your cloud accounting software, can be managed remotely ensuring your finance function operates smoothly, keeping the business going.

Our Real Time Accounting specialists have recently worked with Stick Up Media (Part of MCR Music Limited) and it has proved invaluable to their accounting process and MI.

Garbutt & Elliott started working with MCR Music Limited around 18 months ago.

MCR had already been converted from Sage desktop to Xero, the book-keeping was outsourced, and management accounts were prepared using an excel package.

On review of the resources available, we identified that with the introduction of Receipt Bank and training, the book-keeping could be completed internally, with remote month end reviews by ourselves.

We worked together to understand what was important to include in the management accounts pack and the level of visual and numeric analysis required.  This was created using Fathom, meaning the directors have access to management reporting and KPI’s in real time.

With quality real time book-keeping, we were able to link Xero to Float to provide a rolling cash flow indicator tool which is proving invaluable to be able to manage the business through COVID-19 and beyond.

Rather than spending time processing, we have invested our time understanding the business, the aspirations of the shareholders, interpreting the results to plan and overcome problems, not to mention saving MCR accountancy fees.

Jackie & her team have been fantastic! They have taken the time to really get to know how our business works. Our accounts department has been completely turned around with practical, time-saving advice, integration of new technology and an overhaul of how we do things. We couldn’t recommend G+E enough!

Stef Loukes, Managing Director, MCR Music Limited .

Helping our clients by getting to fully understand their business and ways of working so that they can benefit from the many practical and time saving solutions that the systems offer is what makes us happy.

If you’d like more information on how our team of Real Time Accounting specialists could help you and your business with up to date real time management information contact us at support@garbutt-elliott.co.uk with your enquiry.