The Trip People
A full-service travel company
The Trip People has been offering travel advisor services for the past 9 years. Over the years the company has continued to gain traction in helping individuals and groups with all their travel needs. They offer a variety of travel arrangements to help plan future travel.
● All bookkeeping was being handled internally.
The owners were handling all the bookkeeping. They were not sure if all bookkeeping aspects were being handled correctly. Additionally, they were constantly being pulled from bookkeeping to other travel tasks that needed to be handled, so the bookkeeping was often pushed to the back burner.
● The company never really knew the complete financial picture of what was going on in the business.
Because they were unsure if they were looking at accurate financial reports, they were lost as to how to improve the business financially. They often found themselves looking at online bank balances for guidance on cash flow.
● In the beginning, the owners tried handling all the aspects of the business including bookkeeping.
This left them stressed and overworked. They did not understand how to properly execute and set up systems in the business.
● The company didn't have an outside business perspective.
Internally they could bounce ideas off of each other, but they didn't have anyone that intimately knew the business financially to seek advice from.
● They discovered that January to March were the busiest months for the agency.
However, the management team was buried in year-end bookkeeping tasks rather than focusing on growing the business.
● Double Boca Bookkeeping was able to handle most of the bookkeeping for the business.
However, the owners still kept involved in the bookkeeping process for some of the higher-level tasks such as bill payment and payroll.
● Our bookkeeping services provided the company with up-to-date and accurate financial reports on a regular basis.
This allowed them to focus on growing the business with real-time accurate financial information. The bookkeeping was updated on a monthly basis which gave the owners complete control over cash flow.
● Regular bookkeeping updates allowed the owners to look forward in the business instead of backwards.
The combination of more time and accurate financial data helped the owners focus on growing the business. Using an outsourced bookkeeping service gave the agency an outside business perspective on their business.
Double Boca Bookkeeping knew the business intimately from a financial perspective. The agency was able to get an opinion from someone who knew the business well but was not financially invested in the business.
● The Trip People was able to avoid year-end bookkeeping tasks by involving an outsourced bookkeeping service.
Double Boca Bookkeeping took care of all 1099's, final year-end bookkeeping tasks and communication with the CPA to get taxes filed. This left the owners with plenty of time to give their full focus to growing the business with the start of a new year.
“Transitioning from in-house bookkeeping to utilizing Double Boca Bookkeeping services helped us understand our true financials. Double Boca Bookkeeping reviewed our books for the two years prior and through categorizing our deductions properly and reworking our loans,We received a credit of over $17000.00. Our balance sheet is now correctly categorized, and our P/L statement shows us exactly where our strengths are. We were now able to focus on growing the business through marketing and other channels. Leaving the financials to Double Boca Bookkeeping services helped us increase our sales by over 30%!”
The Trip People