How Black Cat Accounting breezes through compliance work as a solo practitioner
Abstract
Black Cat Accounting, based in Brisbane and owned by Jacqui, specializes in efficient accounting services for startups, simplifying tax and business management processes.
Frustrated with outdated Excel-based solutions for compliance and ITR workpapers, Jacqui adopted Cimplico Workpapers. She immediately valued its purpose-built cloud features, like built-in internal comments and live Xero connection.
Now, all workpapers at Black Cat Accounting use Cimplico, allowing Jacqui to focus on delivering high-quality work and effective communication without the burden of outdated methods.
The Problem
Inefficient and Uncontrolled Workpapers
As Black Cat Accounting took on more work, they faced significant challenges with their traditional workpaper methods. These methods were not only inefficient but also lacked the necessary control and governance to ensure accuracy and compliance.
Manual Processes
Workpapers were managed manually, leading to time-consuming and error-prone processes. The lack of real-time updates and the need for constant manual input created inefficiencies and increased the risk of errors.
Scaling Operations
To better serve clients and manage numerous requests, a standardised and automated approach to workpapers was necessary.
I have always done things out of Excel, and had to manually go and update it every time I made a change.
A title
Image Box text
Jacqui Trumper
Owner of Black Cat Accounting
Black Cat Accounting
Services we provided:
- Efficient accounting services to businesses of all sizes and industries
- Focus on startups
- Simplify tax and business management processes, ensuring compliance and reducing stress for business owners.
blackcataccounting.com.au
The Solution
Partnership with Cimplico
Black Cat Accounting partnered with Cimplico to leverage their cloud-based workpapers solution, which provided a comprehensive and efficient system for managing workpapers.
Structured Worksheets
Cimplico’s structured worksheets provided a streamlined and organised method for handling workpapers. This feature ensured consistency and accuracy, reducing the time spent on managing individual documents.
Xero and FYI Integrations
The seamless integration with Xero and FYI allowed for automatic updates and synchronisation of financial data. This integration eliminated the need for manual data entry and ensured that all information was up-to-date and accurate.
Internal Comments for Self-Notes
The internal comments functionality allowed team members to leave notes and reminders within the workpapers. This feature was particularly useful for ensuring that tasks were completed and nothing was overlooked.
It’s trial balance-based and updates from Xero automatically. This has solved a big problem for me.
A title
Image Box text
Jacqui Trumper
Owner of Black Cat Accounting
The Results
Operational Efficiency
Automation and centralised data management significantly reduced the time required for workpaper processes, transforming operations.
Enhanced Trust
By demonstrating a commitment to efficient and controlled workpaper management, Black Cat Accounting strengthened client relationships and established itself as a reliable market leader.
Future Growth
With improved workpaper management, Black Cat Accounting is well-positioned for future growth and innovation, ready to support clients in an increasingly complex regulatory environment.
Easy-to-Use File and Referencing System
Cimplico’s file and referencing system provided an easy-to-navigate structure for managing documents. This system ensured that all files were easily accessible and properly referenced, which streamlined the review and approval processes in a way that’s “extremely easy to use and simple to pick up.”
I can put internal comments as to-do items, and they stop the job from being completed until they’re ticked off.
A title
Image Box text
Jacqui Trumper
Owner of Black Cat Accounting
See the power of a cloud workpaper solution
Signup and take advantage of a 14 day free trial to see how Cimplico Workpapers will give back control, efficiency and visibility to your workpaper preparation and review.
Get started Learn more ⟶