Akash Garments, a wholesale garment supplier, gained accurate financial clarity, full tax compliance, and optimized cash flow management through Brego’s financial restructuring and bookkeeping solutions, setting the stage for sustained growth and operational efficiency.
Akash Garments
Industry: Wholesale Garments
Type: Privately Held
Akash Garments is a wholesale clothing and garment trading business that supplies smaller brands with high-quality products for resale. Operating with a focus on the B2B market, Akash Garments aims to establish itself as a leading wholesaler by offering competitive pricing and superior product quality.
Outdated financial records: The company’s financial records were inconsistent, with outdated bookkeeping practices leading to inaccuracies in financial reporting.
Compliance gaps: Akash Garments was not fully compliant with tax regulations, resulting in potential risks of penalties and legal challenges.
Cash flow management issues: The company faced challenges in tracking cash flow due to manual invoicing and poor controls on expenses, making it difficult to manage day-to-day finances efficiently.
Bookkeeping and financial recordkeeping: We reorganized Akash Garments’ bookkeeping processes, ensuring accurate and up-to-date financial records. This helped the company gain clearer insights into its financial health.
Compliance management: Our team worked to ensure the company met all tax obligations, implementing systems to handle TDS and GST filings on time, avoiding potential penalties.
Cash flow optimization: We introduced an efficient invoicing system and implemented tighter controls on expenditures, enabling better cash flow management.
Accurate financial reporting: Akash Garments now benefits from accurate, timely financial reports, allowing for better strategic decisions.
Full compliance achieved: The company is fully compliant with tax regulations, reducing the risk of penalties and legal challenges.
Improved cash flow: The implementation of better invoicing and cash flow controls led to improved financial management, helping the company optimize its operations.
Reduction in error margins: We reduced error margins by a significant percentage in the main accounting matrix within a year of working with Akash Garments, demonstrating our commitment to improving financial accuracy and operational efficiency.
Improved financial clarity: The restructured financial systems allowed Akash Garments to gain better control over its finances, leading to improved decision-making.
Cost savings: By ensuring compliance and minimizing penalties, the company saved on costs associated with regulatory non-compliance.
Operational efficiency: Streamlining the cash flow process led to smoother operations, helping Akash Garments manage its growth more effectively.
ROI: Our Accounts and Financial Management services enabled Akash Garments to achieve full compliance, improve cash flow management, and enhance operational efficiency, providing a solid foundation for future growth.
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