Omnia rescues business owners from bookkeeping hell

Managing money, paying taxes and handling audits used to be a nightmare for a Sydney-based green grocer. But now it’s become a simple, stress-free process.

How did this extraordinary transformation occur? Because the suburban green grocer hired Omnia Business Solutions to bring order to its chaos.

Previously, the green grocer was using an outdated accounting system with limited functionality. Also, it was working with a very reactive accountant, who didn’t have the initiative to recommend improvements or provide reminders about upcoming obligations.

As a result, the green grocer’s finances were a mess:

Company tax returns had not been filed for two years
Bank statements, client invoices and supplier bills had not been reconciled for two years
BAS returns were not being lodged
Financial reporting was non-existent

Omnia Business Solutions had seen this situation many times before. So it knew exactly how to fix the problem.

Here’s what Omnia did:

Converted the green grocer’s accounting software to Xero
Set up an integration to the Dext document management system
Converted two years of data (15,000 bank transactions) to Xero
Allocated this old data so the green grocer had historical information for reporting and benchmarking purposes

That led to a stunning turnaround.

Now, the green grocer is fully up to date with its tax and BAS obligations.

Now, the hundreds of supplier invoices that come in each month are sent to Dext and integrated in Xero. That means the green grocer can quickly find a digital copy of every invoice (compared to the old system of rummaging through archive boxes). It also makes it easy to pay taxes, respond to audits and prepare financial forecasts.

Now, the hundreds of supplier invoices that come in each month are sent to Dext and integrated in Xero. That means the green grocer can quickly find a digital copy.

Now, the owners spend less than an hour or two a week simply sending invoices across and making payments – previously, they had to devote two full days per week to bookkeeping and still unsure if correct.

The owners now get real-time reporting on the business’s key numbers, so they can make decisions based on hard data rather than gut feel.

The value of this transformation became even clearer when Covid hit. Because the green grocer’s books were now in order, it was able to quickly claim government assistance where possible and know exactly how they were performing.

Are your finances a mess? Omnia Business Solutions will bring order to your chaos. Fill in this form to begin the process.