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HOW WE'VE
helped our
CLIENTS GROW

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FiBrick is the trusted Accounting advisory partner for these top companies

company acquisition

Inverse was planning an exit strategy and the CEO realized it needed to improve the company’s financial reporting in order to secure a successful exit. Areas that needed attention include customer billing and collections, commissions payouts, and debt.

the results

  • Implemented of the billing and collections process that made it easy for us to collect data from the sales team for billing purposes and a process for us to monitor aged invoices, follow up with customers and report exceptions to the CEO. This resulted in a reduction of accounts receivable turnover of 25%.
  • Gained an understanding of the commissions policy and prepared calculations in line with collections for a timely payout to the sales team.
  • Created debt schedules that clearly shows outstanding debt and accrued interest. This schedule was key to the due diligence process during the sale of the company.
  • Our due diligence-ready reports and schedules made it possible due diligence process to be completed in half the time anticipated. 
0%
Reduction in accounts turnover
0X
Reduction in due diligence completion time

Support with Financial Audit

Abacus Labs was going through its first financial audit and required updated and accurate balance sheet reconciliations to support the audit. These reconciliations were not being maintained prior to engaging FiBrick’s accounting services.

Our offering:

  • Identified any needed reconciliation of historical financial data.
  • Prepared account reconciliations for balance sheet accounts by applying best accounting practices.

the results

Our audit-ready balance sheet reconciliations resulted in no follow-ups from the auditors, which saved Abacus Labs a significant amount of time and money.

0%
Reduction in audit time
0%
Accounts reconciled

company Growth

The CEO of Epiphany Blue, an event planning agency, was struggling with a lack of clarity around company’s financial and tax situation. She was looking for a solution that would provide her optimal tax planning, cash flow management, and personalized support.

the results

  • Tax and cash flow planning that supports the seasonality of the business and the growth the company was experiencing.
  • Our team was available via email, phone, and text to address any concerns, so that the CEO had the assurance she was looking for, knowing that she could count on us as her advisory partners.
  • As the company was experiencing rapid growth or hiring needs, the CEO had the support from our team and the financial insights to help her make important decisions quickly and effectively. 
0%
Revenue increase
0x
Increase in team size

Accounting Advisory

Our client, Peg Woodworking, struggled with a lack of clarity around the company’s financial and tax situation. The team was looking for a solution that would provide them with clarify around the business financial performance but also help them gain a better understanding of how all the bookkeeping, cash flow management and tax compliance interconnected.

the results

  • FiBrick provided bookkeeping services tailored to the type of business. Managing the gross profit is key to the success of the company. As such, it required a financial reporting structure that accurately supports the calculator of this metric.
  • Our team provided the necessary walkthroughs of the bookkeeping, cash flow management, and tax process necessary to help make the Peg team feel in control of their business finances.
  • Our tailored financial reports improved visibility into how the company is doing at the gross margin and net margin levels, and they empowered the owner to focus on growing the business.
  • We helped them meet compliance with sales tax requirements and reduce risk of penalties and additional expenses.
0%
Increase in international sales
0%
Increase in gross margin

Client Testimonials

OUR LATEST RESOURCES

Video Guide: Cash Flow Management

Learn the simple steps to prepare cash flow projections for your business and easy-to-apply tips to help you improve your business cash flows. Watch this video now to get started with:

  • Downloading our user-friendly, downloadable cash flow projection template
  • Getting step-by-step instructions for updating the cash flow projection template
  • Learning tips for how to project revenues and expenses
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WEBINAR: HOW TO MAKE SMART
COST-CUTTING BUSINESS DECISIONS
Business owners are experiencing challenging times during this Coronavirus pandemic. There is uncertainty and fear, which can paralyze us and prevent us from making business decisions.

Our Latest Blogs

coffee and documents

4 Types of Tax Deductions Your Small Business Can Claim

Tax is one thing we cannot get away from in life, whether it is on a personal or business level. But while personal tax is one matter, business-related tax is another. The latter can be a bit complex and downright confusing. It can be all the more complicated when you own and run a small business, where you’re required to prepare and file taxes for compliance purposes. But did you know that there are practical ways to reduce your taxes?

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