Practical Accounting Leads to Greater Insight in Medical Practice


Challenge 

This growth company based out of California in the cosmetic business was challenged with balancing growth, accounting systems, and financial reporting. While they had the business running and the services outlined, the workflow wasn’t standardized and cash accounts weren’t being reconciled. 

Solution 

Working closely with the business owners who were also practitioners, we focused on developing a level of trust to begin redesigning processes and procedures, to drive greater control around their bookkeeping and accounting functions. Initially as we see with many small business owners, the focus was more on bookkeeping, paying bills, and cash instead of driving business growth. 

Our goal was to take them out of the bookkeeping so they could concentrate on what was really important for the business and growth: Customers and Procedures.

After the blocking and tackling of daily bookkeeping and monthly accounting services, GrowthLab moved to improve the customer experience – virtually. Our systems and approach lends well to customers nationally regardless of where they reside. Our GrowthLab Concierge service is a perfect fit for small to medium-size businesses that are on the go or in growth mode. This service provides for multiple touch points and means of communication (click here to learn more). 

Cloud-based solutions and remote accounting services is different with our 100% US-based team. Our service is focused on making you, the customer, feel like we’re an extension of your team with our GL Concierge. 

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Results 

Although our journey took different twists and turns, we ultimately formed a strong partnership with a focus on ultimately elevating their accounting processes, decreasing the time to close their books, while improving financial reporting. 

Today, our customer’s expenses and revenues are organized and accurately reflect the state of the business, accurately representing their performance. 

Customer Highlights

GrowthLab Services
About GrowthLab

GrowthLab is your customized team of experienced business and financial professionals who find the right solutions to take your business to the next level.

Tizra

“GrowthLab has provided invaluable tools and advice to Tizra’s management team, helping us scale smoothly and confidently.“

Abe Dane, CEO at Tizra

NAMI Rhode Island

“GrowthLab earns my highest praise for professionalism and affordability. I have hired them to improve our financial reporting... they were hands-on, patient, and able to move our organization... to an up-to-date and easy-to-use system.”

Christine Earley, Ph.D. Board Member & Treasurer at NAMI

The Purple Carrot

“…well-versed in all areas of finance, providing strategic guidance for early- stage start-up businesses… possesses a great work ethic, deep insights into financial analysis and modeling, and a collaborative approach to his work. An asset to any team.”

Andy Levitt, Founder & CEO at Purple Carrot

FluidSense

“GrowthLab is a tremendous partner for FluidSense. Allowing our core team to focus on engagement and development, while GrowthLab focuses on the financial and bookkeeping aspects.”

Jeff Poole , COO at Fluid Sense

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