JPB Formwork Inc.

Summary

When we started our business, we quickly realized that our QuickBooks bookkeeping was inadequate and that we needed a competent firm. The Théörème team quickly corrected the situation by implementing effective tools and processes, while training and advising us beyond accounting. Thanks to their support, we were able to improve our practices, increase our turnover and achieve profitability in the second or third year. Today, we have a solid foundation and clear plans to support future growth.

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What was your situation and your problem before using Théörème's services?

Me and my partner had just started the business, our first experience in business, everything was new for us. When we started with Théörème, we were already on QuickBooks Online and the person who had been keeping our books for a few months clearly did not have the QuickBooks knowledge or accounting skills to do things right and we quickly understood that we needed to find an accounting firm that mastered QuickBooks.

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How did the performance and the relationship with Théörème take place?

We knew that our accounts had not been kept well but as we had just started, the challenge of getting our books back on track was not that big but we were still able to quickly see that the Théörème team had seen others and that they knew how to do it. They quickly implemented tools like Dext and very useful processes to better structure us. Throughout this process of corrections and integration, they were very generous with their training and advice, which helped us a lot since we were all new entrepreneurs. I can say that over the last three years, the advice offered by Théörème went well beyond accounting and allowed us to develop our management skills and to structure ourselves well.

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‍What were the results, quantified if possible, and the impact on you and your business?

Like any business that is starting out, our first years were rather difficult and trying but Théörème was able to identify problems that emerged from our financial statements and that allowed us to improve our ways of doing things, to increase our turnover and to become profitable in the second or third year. We now have a solid foundation to build on and we have clear plans and quantified goals to guide our efforts over the next two to three years.

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Who would you recommend Théörème's services to?

I would suggest that any business, whether starting out or already in business, should not overlook the importance of a solid accounting and finance function that can be trusted by a business owner and manager. I would not hesitate to suggest that they surround themselves with a CPA who masters QuickBooks and the entire QuickBooks ecosystem and who specializes in their field of activity. We are in the field of concrete formwork and your accounting is a bit like the foundation on which you want to build your business. Make sure it's sturdy, well-structured, and can accommodate your growth without sagging.

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