Management Accounting (Case Study 3)
A boutique legal practice required assistance in its day to day operational bookkeeping, cash flow management, budgeting and compliance matters. The legal firm was using a specific software package intended for legal firms known as “LEAP ACCOUNTING”. The current external accounts support was not a cost effective option to the firm.
Axis accounting was able to dedicate a senior management staff member to learn the software at the firm’s time & cost. The staff member was then able to conduct regular site visits and teach the stakeholders how to use the accounting package as well as prepare and design custom management reports to provide the principals with the operational information they required.
In turn the legal firm was able to better understand and manage its cash flow and compliance matters and subsequently has been able to reduce its overhead and grow the business.
Management Accounting Services Provided
- Cash flow Management Reporting
- External Financial Controller Services
- Taxation & GST compliance assistance
- Accounting Software Training
Axis accounting has a range of Management Accounting Services that can be customised to suit your business needs in a cost effective and timely manner. Contact us for a free consultation to discuss how we may assist your business.
This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances