Finance Client

  One of the largest accounting practices in London, with multiple branches. They outsourced work related to their clients to Tellida. This case study will be focused on the migration of accounts that we did for the client.  Overview The company required migration of accounts of three clients for 3 financial years (from Excel to Xero). This included setting up of chart of accounts in Xero from scratch, setting up bank accounts, conversion of opening balances from Excel to Xero and entering c2,000 transactions per year. It also required converting of foreign currency bank transactions to match the GBP amounts in Excel by manually changing each and every transaction to the exchange rate given in Excel, as Xero by default captures the rate from XE.com which does not align with the exchange rate given in the Excel Sheet.  Our Solution We worked around the clock, putting in a lot of extra hours during weekends to ensure that the deadline was achieved. We were able to complete this within 180 hours. We delivered all routine monthly processes in Quartz and Mel Science in a timely manner. This includes: Book keeping,preparing the VAT returns and Management Accounts. This has immensely helped the client to adhere to their reporting deadlines. The client is very particular about Mel Science Management accounts being delivered on WD1 although the initial agreement was to deliver this within 2 working days. Every month we ensure the deadline is achieved even though we receive the input only by mid day (SL time) on WD 1.