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How we helped a physiotherapist become more efficient

CASE STUDY #1

Problem

We worked with a large suburban physiotherapist practice looking after their end-to-end bookkeeping and compliance requirements. Their turnover was significant, but with 13 people to care for, it was evident that the physio staff needed to produce more billable hours to cover wages, let alone overheads and other costs.

There were inefficiencies in the admin roles, and although business partners were well-known and sought-after physios, they didn’t understand the intricacies of running a business.

Solution

We set up regular meetings with the partners to review profit and loss and balance sheets. We educated them on billable hours, margins, and KPIs for staff. To get things running efficiently, we also revised the office systems and streamlined their administration procedures.

Outcome

As the partners became more aware of how to run their business efficiently, a second site was established, and both experienced steady growth and stability.

We worked with an accountant to help their importer client.

Problem
An accountant introduced us to a new importer client of his. He was 12-months behind in both his bookkeeping and compliance (unlodged BAS). The client’s previous bookkeeper hadn’t picked up the GST component on import customs and the file needed a lot of extra work to bring it up to scratch.
Outcome
Streamline accounting procedures so that the client can provide information and paperwork. We’ve also connected add-ons to Xero to assist the process. Provide end-to-end bookkeeping, payroll, accounts payable, accounts receivable, monthly reports, manage multi-currency accounts and import of stock, BAS lodgement, STP, super, and more. Liaise with accountant to help client stay on track and ensure file is current for monthly advisory sessions between client and accountant.
Solution
The client is now back on track and his bookkeeping compliance is up to date. They are managing growth and cashflow, building their business, and they don’t have to worry that they’re behind anymore. The accountant doesn’t need to worry either because he knows everything is in place so that he can concentrate on planning and the business advisory that he wants to do.