Case Study #1 - Anthony (SME) - Catch Up Bookkeeping


How we helped a client catch up on over a YEARS-WORTH OF BOOKKEEPING IN LESS THAN A MONTH, and SAVE THEM MONEY in the process.



How Anthony Started


Anthony* is your typical small business owner. The type that absolutely loves what he does,

but does not give much of a care about much else, ESPECIALLY not bookkeeping.

When Anthony first started his business, he did not really plan on growing too fast, as he

wanted to ‘take it slow’. He wanted to go to work, come back after 6pm and spend some

quality time with his family. Things are starting to look great! The plan has been set, and

business is ready to take-off, slowly.


“…he did not really plan on growing too fast, as he wanted to ‘take it slow'

As anyone who has been in business can relate to, there will always be unexpected events

and uncertainties, that can have an impact on your business. Lucky for Anthony, his small

business is about to take the ride of his life..



The Spike


Before Anthony knew it, his business was buzzing in the first two months of opening. Orders

coming in, hiring new staff was now priority, revenue growing at a rapid pace..


“How am I going to manage it all?”, he asked himself. This is usually the point of

intersection that separates an average outcome, and a great outcome. Unfortunately, for

Anthony, he was not going to manage it..


“How am I going to manage it all?”, he asked himself.

Even worse? He was going to sweep it under the rug.


Days became months, and before Anthony knew it, his business has gotten to the point

where he needed to obtain some additional funding. “This is going to be easy”, he thought

to himself. “The business is growing at a rapid pace, my list of invoices is growing by the

month and I am making more money than I ever have”.


“Days became months, and before Anthony knew it, his business has gotten to the point where he needed to obtain some additional funding”

A sudden thought came up to his mind then, “why is it then that my cash at the bank not

reflecting of that growth?”. Anthony shrugs off that thought and continues to the bank.



Wake Up Call


As Anthony is talking to his assigned banker, everything is all rosy at the start. Anthony tells

the banker about how his business has grown exponentially, and he now needs to fund it so

he is able to continue to expand.


The banker then proceeded to ask, “Anthony, that sounds perfect. We would love to assist a

small growing business like yourself. Can you please send us through your 6-month

financials, Business Activity Statements (BAS) lodged to date and also your cash flow

projections over the next 6 months?”. Anthony froze. “What is a business activity

statement?”, Anthony asked.


The banker is not impressed. Turns out, upon deeper conversation, Anthony has not

lodged any BAS’ since he first started, has no proper accounting system in place and even

worse, does not know his businesses true financial position.

Needless to say, Anthony did not get the loan.


“The banker is not impressed.”


How PAQ Group came into the picture


Anthony jumped online on Google and stumbled upon PAQ Group. Upon his first free

consultation, he knew he was going to be taken care of.


Within a month of providing all documents, we were able to not only assist Anthony with his

bookkeeping, but also liaise with his preferred bank and the Australian Taxation Office (ATO)

as well.


Outcome


By working with us, he was able to obtain:


Absolute certainty that he was in the right hands

Have his interest and penalty charges waived for late lodgements and payments

A proactive firm that assisted Anthony provide documents to his banks

Understanding of his businesses financial position


Why PAQ


At PAQ, we have your best interest at heart. From the beginning, we take the time to

understand more about you and your business, so we are able to tailor our service to suit

your specific needs.


Most new small business owners fall into the trap of trying to do everything themselves, just

like Anthony. By working with a trusted brand at an affordable price, these business owners

can save themselves thousands of dollars in both time and money. More importantly? They

can go back to what they do best, and know for sure that their bookkeeping is really taken

care of, forever.


These are some of the benefits of working with us:



100% Risk-Free Guarantee


If you are not happy with your initial experience with us, you can get your money back. If

there has been an error on our part, we will rectify at no additional charge.


Fully-Compliant Books


You can be assured that your bookkeeping is up-to-date and all lodgements are lodged on-

time, every-time.


Quick Turnaround & Response Time


You can expect a response to your request in less than 24 hours.



Ready to make the switch?


Are you ready to commence your stress-free bookkeeping and payroll experience? Ready

when you are.


Click here now to fill in our contact form. We will then get in touch with you ASAP to assist you with your requirements.


* Client name has been changed for confidentiality purposes

21 views