When Amelia met William, he had four brick-and-mortar retail locations and was running floor shows in 13 other large retail stores, all in separate states. The payroll function he had in place was not only ineffective, but inaccurate as well… AND he was doing all of his own bookkeeping. Risking substantial fines and penalties, as well as struggling with cash flow, William’s accountant referred him to Clear Management.
Reviewing William’s payroll process revealed inconsistencies and inaccuracies requiring immediate attention. Furthermore, his bookkeeping was seriously behind, which meant his accountant couldn’t tie out business years for tax purposes. Additionally, the fact that he had business operations in 13 separate states only added to the complexity of his overall financial picture. William was desperate for help and Clear Management was up to the challenge.
Starting with a payroll review and subsequent payroll management, Amelia and her team rectified the situation and brought the program into compliance with federal and state mandates. Clear Management then conducted a comprehensive, forensic bookkeeping review to bring things up-to-date and tied out accounts so taxes could be filed. Over time, William placed his entire payroll and bookkeeping operation into the hands of Clear Management. But Amelia and her team didn’t stop there. They set up tailored financial measures to provide accurate and timely information, which helped William determine where his least profitable business elements existed within his wide-reaching enterprise. From there, the team at Clear Management developed and recommended a plan of action to mitigate losses while optimizing profitability.
Clear Management’s experience and key financial metrics, along with its recommended decision points, resulted in William more than doubling his company’s gross revenue over the course of the next several years. William’s business became so successful that he was recently offered a substantial sum to sell what he had built. Even in the final phases of negotiation, Clear Management was at William’s side assisting him in the defense of the value of his company, giving him the strongest position possible in the negotiation of a final selling price. “I couldn’t have done without Amelia and her team,” William said. “Clear Management has been an integral part of my overall success.”