Case Studies

We let the numbers and
our clients do the talking.

The Client (Subsidiary of an ASX listed company)

The client was the subsidiary of an ASX listed small-cap with approximately $10m revenue in the services space. The listing was relatively recent, and the business was adjusting to the new requirements and accounting practices.


Struggling to meet the requirements of a listed company, the CEO of the subsidiary recognised the need for an uplift in accounting capabilities ahead of the full year financial statement audit by a Big 4 accounting firm. The year included a transition from one accounting system with poor capability, to Xero. As remunerations were heavily dependant upon profitability, there was a need to retain existing practices.


Tim acted as the CFO throughout the FY20 financial statement audit, and also seconded an extremely experienced financial controller for the process, Jen. Their expertise was applied to ‘retro-fit’ GAAP and parent company accounting policies to the years financial information and records. This included:

  • Rebuilding the fixed asset register
  • Reconciliation of balances between old system and Xero
  • Full reconciliation of payroll system to the GL
  • AASB 16 Leases
  • Checking compliance with parent company accounting policies


The company delivered the audit with only one immaterial finding, even though there was no involvement during the year. Overall profitability was maintained and the P&L impacts of all accounting treatments applied were visible. Tim then worked with the executive and finance team to reduce the monthly reporting timeline by over a week.


  • CFO

Client Testimonial

“The Numbers Guy was able to understand our requirements along with the ASX requirements and set about delivering on the audit.

The result was an executive team less distracted and able to focus on the value adding items required to deliver a profitable end to the year combined with a successful audit result.

Moving forward, The Numbers Guy is providing valuable input as we navigate increased reporting requirements while maintaining the agility that makes us competitive in the marketplace.”