Bookkeeping services for a US based car marketplace
Customer is a leading automobile service marketplace with operations in the US.
Required efficient Vendor Payment Recon, Accrual Tracking & Processing Time.
Comprehensive monthly financial management with timely uploads.
Developed predictable vendor reconciliation process.
Streamlining payment timelines achieved 65% cost savings.
Domain
Automotive: Bookkeeping and vendor payment reconciliation.
Tech Stack/Tools
GAAP standards, QuickBooks, Excel, Automation using Python
Team size
4 people team
Problem Statement
Solution
We assumed responsibility for managing the client's financial operations and payment reconciliation processes according to their specific business needs. We accrue every month and compare the monthly statements from vendor for valid transaction, upload into the database. We delivered all services within agreed timeframes, ensuring seamless financial management for the car marketplace.
Results
Conclusion
Our collaborative approach involves working together with the client to understand their priorities, develop scalable financial solutions, and execute time-sensitive payment processing cycles. By implementing efficient processes for vendor management and financial closing, we've created a sustainable system that supports the client's growth objectives while maintaining compliance with industry standards.