How we’ve helped others get ahead.
Each customer is different. But there’s a common theme between them on how we’ve helped. Here’s a quick selection of what we’ve done, and some of the things people have to say.
What some say about Convex Accounting
-
Chris is fabulous to work with. Knows his stuff but on top of that is practical, friendly and straight forward. Totally trust the work this team does and the advice they give.
Nicola Campbell - Fitzu HR
-
The team at Convex are all super stars. No question is a bad one, super friendly and responsive. They have helped us from day one and are a trusted partner. We highly recommend their services.
Mahesh Vallabh - Ahu Jobs
-
Always there for advice and appreciate the friendly nature of the team. Been with Convex for nearly 6 years and very happy with the service.
Andrew Grimwood - BodyLean
-
I really love working with Hamish and his team - it is so refreshing to interact with an accounting firm that sees more than just the need to complete compliance stuff.
John Roche - Alpha Technologies
Case Studies
Construction Industry
-
Our client is in the commercial construction and project management business.
Having been in business for years, they’ve seen their share of ups and downs. They are solid operators who know what they’re doing.
What they needed
We were approached by the owner for assistance in buying the business. He had been involved in the business for years so knew the construction sector inside out and needed our help to make the business side happen.Once he had the business up and running, it was monitoring the sales pipeline, making sure the jobs were profitable, and taking care of the taxes.
How we helped
Throughout the journey with this business, we’ve helped with the things you’d expect us to. The compliance accounting, tax returns, GST returns and anything IRD-related.More importantly though, we’ve helped with the finance to buy the business. From the outset, we were involved in the forecasting and planning to get the bank onside and help buy the business.
Since then it’s been the forecasting to know they’re on track, understanding the financials behind expanding the business and acting as a sounding board for the decisions they’ve needed to make along the way.
What They Say
I’ve worked with Convex Accounting since purchasing the business.Since then they’ve helped with everything from the small things like a GST return, right through to the big decisions like buying the business, buying property, hiring staff, expanding the business, and setting the overall direction of where we’re heading.
The difference is that while they are across the details on tax; they have more than one eye on the long-term future of the business. Convex see these opportunities for us, by knowing me as a business owner, knowing my business, and having a conversation about the future from there.
Strong financials underpin the strength this company. We’re happy to have played a small role in their success.
Not-for-Profit Sector
-
Our client is a prominent organization in the community health sector. Funded through Government contracts, they employ 45 FTEs across the organisation. Their finance team included a Finance Manager and an Accounts Administrator.
Their responsibilities were well-defined but had areas where efficiency could be greatly enhanced. The key tasks involve payroll processing, GST filing, budget reporting, creditor management, and monthly and year-end reporting.
What they needed
Our involvement commenced when their Finance Manager resigned suddenly.The challenges identified included inefficiencies in payroll processing and IRD filings; time-consuming monthly and annual reporting procedures; complexities in managing funding contracts and donations; and a lack of streamlined processes for bookkeeping and creditor management.
How we helped
Based on our experience with similar organizations, we proposed a one-stop-shop solution which included:Bookkeeping and Xero Management:
We handle fixed asset and budget management, base coding, and issuing of donation receipts.Payroll and IRD Filings:
We handle a review of the system design for payroll, complete IRD filings, and send payment reminders.Creditors and Expense Management:
We handle the processing of all creditor invoices, preparing bank payment files, and managing staff expense claims.GST Returns and Month-End Reporting:
We handle the preparation and filing of GST Returns with IRD, and handle month-end reporting, including actual vs. budget analyses.Year-End Reporting and Internal Controls:
We handle the development of internal financial policies, prepare annual reporting documents for audit, and consult with external auditors.Our service effectively replaced the work of the Finance Manager, and removing work from the Accounts Administrator whose capacity was stretched.
Our service came in at 30% cheaper than the cost of hiring a new Finance Manager.
Professional Services
-
Our clients were two (successful) self-employed coaches who knew what they were doing and were constantly able to win new and interesting engagements.
They had a vision though – build a collective of equally talented coaches who share and learn from each other. Create a self-selecting team of agile advisors, coaches and trainers ready to support their customers move to a new way of working.
What they needed
The problem with any vision is the execution. The shift from being self-employed coaches to building a new business together is a big move.They had the technical capability. They had the resources. They had the drive. They needed someone to show them how to join the dots and make it happen.
How we helped
From the outset, we helped with the design of the business and ensured that the financial model would work. As a start-up, we needed to ensure the business had the capital to get through and the ability to scale.Our client knew their business and their vision better than we do – we’re the sounding board, the sense check and (occasionally) the whip to make things happen. Our role is asking the question to shine a spotlight on what they haven’t seen.
Then it’s streamlining the processes. They were busy working with their team, with their customers, and working on the business. They don’t have time to process invoices, to reconcile Xero or to be across every minute detail. We handle some of it for them but have also designed a streamlined process to automate what we can.
What They Say
Convex has been instrumental in taking us from being individual coaches to having a team of people working with us to take our customers to the next level.Their insights, range of services and ability to ask the hard questions has helped us grow as quickly as we have. We would have got there without Convex – just nowhere near as quickly or painlessly.
Working with Convex has short-circuited our growth, helping us to focus on what we do well and achieve more, quicker.
We can’t for a second take the credit for what they have achieved. They’ve done it themselves. Our role has been to guide them, shape their thinking and push them further than what they might have done on their own.
Ready to get going?