About the Company

Industry: Organic Farming

Type: Privately Held

Grassrootz Organic Farms is a mission-driven company that focuses on producing organic food products, from jaggery to traditional oils, while empowering rural women. Their commitment to transparency, sustainability, and community empowerment makes them a unique player in the organic farming sector.

Problem Statements

Lack of e-commerce accounting expertise: Their current accountant lacked the necessary expertise to manage e-commerce accounting, leading to financial mismanagement.

GST filing errors: Inaccurate GST2B filing led to penalties, affecting operational stability. Delayed MIS reports: Slow and improper sharing of financial reports hampered the company’s ability to monitor performance in real-time.

Quarterly bookkeeping cycle: The quarterly accounting cycle created delays in financial updates, restricting quick decision-making.

Our Solution

E-commerce accounting system implementation: We implemented a comprehensive accounting system tailored to e-commerce, ensuring accurate tracking of online transactions.

GST compliance: The team corrected errors in the GST2B filing and implemented processes to ensure accurate future filings.

Real-time MIS reporting: We established a system for generating and sharing real-time financial reports, giving the management greater visibility into financial performance.

Transition to monthly accounting: We transitioned the company from a quarterly to a monthly accounting cycle, ensuring timely financial updates for quicker decision-making.

Results

Improved financial reporting: Grassrootz Organic Farms now enjoys accurate and timely financial reporting, providing better control over operations.

GST compliance achieved: The accurate filing of GST returns eliminated penalties and improved tax compliance.

Streamlined financial operations: The transition to a monthly accounting cycle enhanced operational efficiency and decision-making.

MIS reporting efficiency: Real-time reporting gave the leadership better insights into financial performance, allowing for agile decision-making.

Benefits and ROI

Higher financial accuracy: The new system improved the accuracy of e-commerce accounting and GST compliance.

Operational efficiency: The switch to monthly accounting and real-time reporting boosted the operational capabilities of the company.

Risk reduction: Correcting GST filing errors and implementing compliance practices reduced the risk of financial penalties.

ROI: Our solutions not only improved operational efficiency but also reduced financial risk, enabling Grassrootz Organic Farms to focus on growth and community impact.