Client Case Study: Capital Living

Capital Living is a co-living sharing house community, exclusively for young professionals across South-West London. They provide an all-inclusive, low hassle living service.

The challenge

Capital Living were expanding rapidly and needed greater control of their business finances, accounting systems and methodology.
The complexity of their needs had outgrown the skillset of their existing outsourced Finance Manager. They needed additional support, with greater experience and expertise in accounting software to help them manage and report on their finances accurately.

The solution

After an initial assessment I undertook the following projects: –

  • Implementation of SAGE 50, to provide modern accounting software and standards
  • Devised and delivered a SAGE training program for one member of staff – (training can be provided on a 121 basis or up to 5 staff members)
  • Developed internal staff accounting skills which advanced their technical knowledge and understanding of business finance to a higher level in order to provide meaningful accounts
  • Introduced month end controls and monthly reporting in order to provide simplicity and visibility of their business performance in a secure financial environment

The outcome

In a 4-month period Capital Living benefited from being fully functional on SAGE 50 which eliminated the need for the manual up keep of various spreadsheets. Labour costs were reduced due to automation and productivity increased. Staff were trained on SAGE with improved accounting skills and operating in a controlled financial environment. Internal accounts were designed to a clear reporting structure which represented how the business had performed; month on month and year to date. This supported the Board of Directors in making better informed financial decisions for business development. Year-end accounts were prepared and submitted to their external accountants on an improved competent accounting platform which reduced costs and allowed them to focus on business strategy and tax planning during the year.

The client’s view

“We engaged Denise to oversee our own staff in moving our accounts to SAGE. She did this with flying colours, and indeed trained our staff to such a level that we are now running very smoothly. Denise is a great asset: efficient, direct and with a no-nonsense approach. We have recommended Denise and have no hesitation in doing so again.”

Adam Goff, Director, Capital Living