Let’s be honest, “30% profit increase” sounds like clickbait, right?
We get it. But this isn’t a fairy tale. This is the real story of how smart accounting (yes, that’s a thing) helped one Toronto business owner turn confusion into clarity and revenue into real profit.
Meet the Client: The Hustling Entrepreneur
Our client owns a boutique consulting business in downtown Toronto. Talented? Absolutely. Busy? Like a squirrel on espresso. Profitable? Well… not quite.
Despite a steady stream of projects and a growing client list, their bank account didn’t reflect all that hustle. When they came to us, their exact words were:
“I feel like I’m working all the time, but I’m not seeing the money.”
Sound familiar?
The Problem: Revenue ≠ Profit
We took a peek under the hood. Here’s what we found:
- Lots of unbilled hours (and we mean lots)
- No real system for tracking expenses
- Pricing that hadn’t been reviewed since 2019
- A bookkeeping system that looked like a plate of spaghetti
- $40K of unclaimed HST credits
In other words, they were leaving money on the table every single month.
The Fix: Accounting with a Strategy
We didn’t wave a magic wand. We rolled up our sleeves and got to work.
Here’s what we did:
💡 Step 1: Cleaned Up the Books
We started by untangling the mess. Our team cleaned and categorized transactions, found duplicate expenses, and built a simple dashboard so the client could finally see their numbers clearly.
💸 Step 2: Implemented Job Costing
They were charging flat rates for projects but some jobs were eating up way more time and resources than expected. We introduced job costing to track time, tools, and team hours per project. It was a game changer.
🧾 Step 3: Optimized Pricing
Armed with real data, we reviewed pricing. Turns out, their most popular service was actually their least profitable. We helped restructure their rates so they weren’t just working hard, they were working smart.
📅 Step 4: Set Up Monthly Check Ins
No more set it and forget it accounting. We created a rhythm of monthly check ins to track KPIs, spot trends, and make proactive decisions.
The Result: 30% Profit Growth in 6 Months
Six months later, their profits were up by 30%, and for the first time, they actually had cash set aside for taxes, future hiring, and even (gasp!) a vacation.
Here’s what the client said:
“I used to dread checking my bank balance. Now, I love it. I finally feel like a real business owner.”
Moral of the Story?
You don’t need to work harder to grow your business. You need better visibility, smarter systems, and the right financial strategy.
We help small business owners across Toronto go from stressed to streamlined and yes, we make it fun along the way. 🎉
Thinking your numbers might be hiding profit potential too? Let’s chat.
Vistance Accounting | Proactive Accounting for Growing Businesses in Toronto
📞 Book a free discovery call → https://vistanceaccounting.com/#contact
📍 Based in Toronto, serving small businesses across Canada