Consulting Company 

The client operates in the consulting industry, providing professional advisory services to other businesses and organizations. This industry requires robust financial systems to ensure efficiency, transparency, and compliance, particularly when managing multiple projects and clients simultaneously.

Type of Client: VP of Finance and Innovation

The client is a Vice President of Finance and Innovation within their organization. Their role involves overseeing financial planning, strategic innovation, and ensuring the company's fiscal health. They sought expert accounting and bookkeeping services to streamline their operations, improve budget planning, and maintain corporate and personal tax compliance.

Services Overview

Meru Accounting is an outsourced accounting and bookkeeping firm with high ratings for affordability, reliability, and delivering value for cost. They specialize in providing tailored solutions in bookkeeping, corporate and personal tax services, and budget planning. The client's choice was influenced by their strong online presence, positive reviews, and competitive pricing.

Detailed Breakdown of the Engagement

Opportunity / Challenge

Goals:

1. Streamline bookkeeping processes.
2. Improve budget planning for better financial decision-making.
3. Maintain compliance with corporate and personal tax regulations.

Solution

Selection of Meru Accounting:

• Chosen due to high online ratings and positive reviews.
• Their pricing aligned with the client's budget while delivering good value.

Team Composition:

• 2-5 employees from Meru Accounting worked on the project.

Scope of Work:

• Bookkeeping: Implemented efficient bookkeeping systems.
• Accounting Services: Handled both corporate and personal tax needs.
• Budget Planning: Developed a structured financial plan to meet business objectives.

Results & Feedback

Outcomes:

1. New financial systems were successfully built to keep the business up-to-date.
2. Improved financial reporting and streamlined operations.

Project Management:

• Timely delivery of services.
• Responsive to emails and queries despite time zone differences.

Primary Communication:

• Conducted via virtual meetings, email, and messaging apps.

Impressive Aspects:

• A single point of contact for ease of communication.
• Strong organizational culture, with the team accommodating USA schedules by working late hours.

Areas for Improvement

1. Personal Tax Challenges:
   • Complex tax issues required extra time for resolution.
2. Language Barrier:
   • Initial communication gaps were present but improved over time with collaborative efforts.

This engagement highlights Meru Accounting's commitment to delivering high-quality services tailored to the consulting industry while addressing challenges effectively.