Success Story #3

The Business
International wine business based out of South America.

The Challenge
The South American wine maker was not receiving solid information from their manual accounting system. Management wanted more timely receipt of financial statements and other financial reporting to make proactive decisions for the business and to communicate with shareholders. Another challenge facing the winery was keeping abreast of changing international tax laws, tax requirements, and deadlines and ways in which they affected them as a small business.

The Solution
Arrow Bookkeeping assigned a qualified bookkeeper who streamlined the bookkeeping process and performed the daily bookkeeping. We designed a reporting system to make the gathering of information more efficient ad timely. In addition, the experienced Controller assigned to the winery provided fundamental accounting and timely financial analysis so that management could receive the information they needed to make critical decisions and share with shareholders. The Controller also works with their tax preparer to ensure the winery is compliant with international tax regulations.

The Result
Arrow Bookkeeping brings to the winery the dual expertise of a qualified bookkeeper and an experienced Controller. Bookkeeping is done on a timely and accurate basis, and management and shareholders are kept current on the financial status of the company. The Controller ensures the winery is receiving solid financial analysis, and works with the tax prepare in meeting their tax requirements and deadlines. Due to Arrow Bookkeeping streamlining the winery’s bookkeeping function, in-house staff members are able to concentrate their efforts on other