Case Studies

Colin Little Racing operates within the highly specialized and complex horse racing industry, involving intricate financial arrangements, including the management and billing of multiple horse owners with varying ownership percentages. Their accounting systems initially included Ardex, which required meticulous attention due to the unique legislative requirements, GST complexities, and owner-share billing intricacies.

Austrom Constructions Pty Ltd operates within the highly competitive and complex building and property development industry. Initially, their accounting processes relied heavily on manual systems, making financial tracking and project profitability reporting extremely difficult. Flory Curesula, the internal accountant originally trained in Romania, faced challenges with Australian tax compliance and bookkeeping standards, requiring professional training and support.

Established in 2001, ID Online imports a range of products from international suppliers, supplying major national companies and fulfilling bulk and smaller-scale orders throughout Australia. By 2003, the rapid growth and expansion of overseas operations created significant challenges in managing day-to-day operations, especially given complexities like inventory management, foreign exchange fluctuations, and regulatory compliance.

Breathe Hair began as a sole trader business following the purchase of an established hairdressing salon. With limited initial bookkeeping experience, the owner required an efficient financial management system tailored specifically for the hairdressing industry, covering daily bookkeeping, payroll, BAS lodgments, and integrating their booking software, Fresha.

Melbourne Joinery Services, specialists in custom joinery and cabinet solutions, initially engaged Figureworks Bookkeeping as a sole trader with an existing but problematic Xero file. The file contained multiple inaccuracies, incorrectly coded transactions, and imbalanced ATO accounts, causing confusion, compliance issues, and unnecessary expenses.

GK Travel & Cruise initially approached Figureworks Bookkeeping with uncertainty about the accuracy of their existing Xero file. Upon detailed examination, we identified critical errors in the file setup, including incorrect inclusion of Trust accounts and misalignment between their Xero file and Cross Check Travel, the travel management software they use to track sales and purchases.

Coastcare Medical initially contacted Figureworks Bookkeeping through a recommendation from their accountant. The business faced significant challenges due to errors and inaccuracies in their existing QuickBooks accounting system, impacting their ability to produce accurate financial statements and tax returns.