Accounting Systems Implementation and Revenue Growth
APA Monet Pty Ltd·Construction, $20M turnover
Revenue $2.5M to $20M in 4 years
The Situation
APA Monet Pty Ltd is a business within the construction industry. This business was at a significant growth phase when BVM was engaged. While the business was growing rapidly, they had no formal system to manage accounting, payroll or superannuation. Everything was managed through Excel, which created a significant risk for the business.
What BVM Did
BVM undertook a comprehensive assessment of the business's financial position and performance. We then undertook a significant project to integrate the business into Xero covering bank reconciliations, payroll, superannuation, cash flow management, ATO lodgments and financial reporting.
The Result
This enabled the business to streamline their entire operations, simplifying the entire accounting process while providing valuable reporting to enable effective decision making. The business profit and revenue significantly increased due to effective pricing and tax planning. Revenue grew from $2.5M to $20M in 4 years.