Client: Industrial Window Cleaning Service
- Location: Philadelphia, PA
- Problem: The company needed a new bookkeeper because their former bookkeeper wasn’t doing the job
- Project: Reconcile the company books going back 18 months, establish new processes, help guide the business owner toward a sale and retirement
- Solution: Repair and maintain financial records and move forward as the company’s financial and operational support team
In July, 2018 we were hired by an industrial services provider to take over their bookkeeping services. We integrated into the systems and procedures they had in place, using QuickBooks desktop version along with a database desktop system to schedule jobs, send proposals, send invoices and collect funds.
We quickly learned that the former bookkeeper had not kept the books properly updated, resulting in many transactions prior to July, 2018 not being recorded. The client was behind on payments to most of its vendors and was missing revenue that should have been collected.
We worked with the owner and his team to pay all vendors and set up autopay, collect all missing revenue for 2018, and re-construct 2018’s books for tax purposes. Additionally, we recommended systems changes, upgraded them to QuickBooks online and a web version of their jobs system. With our help and advice, they finished the year in the black. In 2019 revenue grew by 50%. To date they are ready to break revenue records for this year.
Working through a pandemic and the aftermath. OnPoint’s team was able to keep the company operating and the owner, who was nearing retirement age, was able to sell the business to a VC firm and retire.
Project Details
- Client Name:
- Nonprofit Credit Union/Charter School
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