The Client

Busy Bookkeeping is a professional services firm based in the Eastern Suburbs of Sydney, the firm specialises in bookkeeping and accounting, serving a client base of small to medium-sized businesses. Their business model involves carefully managing both internal operational expenses and client-related disbursements.

The Challenge

As a service-based business, Busy Bookkeeping faced unique cash flow roadblocks that are common for professional service firms. Their main obstacles were:

• Managing Internal Expenses: They needed a way to handle regular costs for software subscriptions, professional development, and office supplies without straining their day-to-day cash flow.

• Client-Related Disbursements: They frequently had to pay for client-specific software or services upfront and wait to be reimbursed. This created a temporary cash flow gap that could impact their working capital.

• Scaling the Business: To take on more clients and grow the firm, they needed financial flexibility to invest in new technology or hire additional staff.

Beyond the Ledger: Financial Freedom for Your Firm

Busy Bookkeeping needed a financial partner that could provide a seamless financial experience for their varied and sometimes unpredictable expenses. They found that partner in Cloudfloat.

Cloudfloat gave them the financial flexibility to:

• Finance Professional Expenses Instantly: They could instantly pay for essential business tools and services, ensuring they had more resources to serve their clients without delay.

• Streamline Client Disbursements: Cloudfloat allowed them to pay for client-related costs upfront, then take advantage of a flexible repayment schedule while waiting for reimbursement.

• Invest in Future Growth: Cloudfloat provided access to capital that helped them invest in business development, allowing them to expand their client base and take on more work.

The Outcome: Finding a Financial Partner for Success

The partnership with Cloudfloat has transformed how Busy Bookkeeping manages its finances. The firm has found a reliable partner that understands their unique needs and provides a simple, effective way to handle their expenses.

With Cloudfloat, Busy Bookkeeping is able to:

• Ensure Consistent Service Delivery: They can always access the resources they need to serve their clients without interruptions.

• Protect Working Capital: By paying suppliers on a flexible schedule, they can keep their cash on hand to support daily operations.

• Focus on Strategic Growth: They can now confidently invest in business development, knowing they have a financial partner to support their scaling efforts.

This case study demonstrates Cloudfloat’s ability to support professional service firms and provides a powerful proof point for other businesses looking to manage their operational and client-related expenses.