Case Study
Account payables and process corporate credit card expenses
Bookkeeping Services Case Study
Industry
Commercial diving and marine
Solution
Bookkeeping
The Client
Based in Jacksonville, Florida, Underwater Mechanix (UMX) is a commercial diving company serving maritime communities with a specialty in heavy marine construction. UMX provides a wide range of services, which include Marine Construction & Engineering, Diamond Wire Saw Cutting, Emergency Response & Salvage, Diving Services, and Marine Fabrication Services. These services are provided by a dedicated staff including Commercial Diving Supervisors, Erosion Control Specialists, Certified Welder Fabricators, Certified Diving Paramedics, ROV Technicians, NCCCO Certified Crane Operators, Certified Bridge Inspectors, and more.
Business Challenge
- Enhanced Financial Oversight: The client had to improve the timeliness of closing monthly accounts, ensuring more accurate and up-to-date financial reporting.
- Streamlined Payables Management: Addressing the backlog of payables and unrecorded credit card transactions could create a more efficient and transparent accounting process.
- Data Accuracy Improvement: By refining data entry processes, the accounting books can reflect a more precise financial picture at the end of each month.
- Staffing Optimization: The current workload highlights the potential for strategic staffing solutions to meet the demands of highly detailed accounting work, paving the way for increased efficiency and productivity.
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