Bookkeeping

How a dental practice leverages the marketplace to keep on top of their bookkeeping

Challenge: After the recent acquisition of a small but very busy dental practice the new owners recognised a need to better manage the books.

The unique structure of the business meant that standard accounting solutions did not optimally address some of their accounting needs. The clients team had the solution to their problems, just not the time or the expertise to execute month in, month out. 


Marketplace tools used

The Solution: Our Xero certified bookkeepers firstly assisted the new management team in migrating their accounts to Xero from another software provider.

The clients management trained marketplace talent in their process required to extract certain information from Xero and transform the information using a complex pivot table. The transformed data is then reentered into Xero in the appropriate ledgers each week. The bookkeeping team also assists with general Xero bookkeeping task to further lighten the onshore load.

B

The outcomes of using the marketplace by the numbers.

6-10+

Monthly hours consumed

$1,920

Estimated annual savings

The Benefits: By utilising the marketplace the client gets access to talent they require to get their weekly tasks done; but it's not just any talent.

Our marketplace talents are Xero certified degree qualified accountants - talent that is costly and increasingly hard to come by in a traditional context. The marketplace gives our client the confidence to know their books are being managed by appropriately qualified talent with the right expertise.


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