Image showing Tyler Caskey of The Bean Counters

Transitioning from MYOB to Xero and Joiin for consolidated reporting

Tyler Caskey, Founder of The Bean Counters, implemented Joiin for one of his clients, who owns 25 pet hotels across Australia. Within one reporting period, they halved their quarter-end close time and made their 40-tab Excel spreadsheet redundant.

“What seemed an impossible mission is now so simple.”

The Group’s CFO

Client overview

The client’s group comprised ten holding entities and had to meet stringent bank reporting requirements. As their business grew, they found their existing MYOB x Excel setup increasingly inadequate. The need for a more efficient and automated system became evident.

The challenge

Initially, the client relied on Excel to consolidate their P&L and Balance Sheet. This method was cumbersome, involving a massive spreadsheet with 45 tabs and always running against deadlines. Their quarterly reports were often completed 40 days after the quarter-end, with the team collectively spending 20 days dedicated to quarter-end close and another 10 days to fixing errors.

The solution

Tyler directed the migration from MYOB to Xero, with Joiin being the key factor in their choice to move to Xero.

The Beancounters’ client x Joiin

Joiin and the Beancounters case study infographic

The benefits

  • Rapid quarter-end close: What previously took the team 40 days collectively now now takes them 20 days!
  • No more errors: Inter-company eliminations and adjustments are a breeze with almost a 100% accuracy rate.
  • Custom reports and grouping: The client needed customised reports for different stakeholders. Joiin’s flexibility allowed for tailored reports, which provided assurance and met specific banking requirements.
  • Ease of use: Without extensive training, their first quarterly report with Joiin was produced with minimal assistance from Tyler, and by the second report, they were fully self-sufficient.
  • Transparency and drill-down capability: The CFO and other users could drill down into the numbers and find the answers themselves. Allowing them to act instantly.

From 40 days to:

“I got a call from the client 20 days early saying they’d finished their consolidation and submitted it to the bank.”

It was that simple!

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