About the Company

Industry: Luxury Home Décor

Type: Privately Held

Mason Home by Amarsons is a luxury home décor brand offering a wide range of high-quality products such as nesting tables, nightstands, serveware, and decorative accessories. Known for combining aesthetics with functionality, the brand focuses on providing stylish and opulent products that elevate home interiors. With a keen focus on luxury and simplicity, Mason Home’s products cater to various design preferences, from classic to contemporary.

Problem Statements

Financial record accuracy: The company faced challenges maintaining accurate financial records due to a high volume of transactions.

Disorganized accounting process: Multiple systems in place made it difficult to track revenue and expenses, creating inefficiencies.

Compliance issues: Struggling with tax law updates and accounting standards, the company faced discrepancies in their financial reporting and compliance.

Our Solution

Financial record standardization: Implemented a structured process to maintain accurate and up-to-date financial records.

GST reconciliation and compliance: Our team managed GST 2B reconciliation, ensuring accurate tax reporting, and worked on GST R1 and 3B filings to keep the company compliant.

Streamlined counting process: Consolidated their financial management systems to create a more organized and efficient process for tracking revenue and expenses.

Results

Accurate financial records: The streamlined process ensured that Mason Home maintained up-to-date, accurate financial records.

Improved compliance: The company became fully compliant with tax and accounting regulations, avoiding penalties and ensuring smoother operations.

Optimized financial processes: The consolidation of systems improved financial tracking and provided clearer insights for better decision-making.

Benefits and ROI

Operational efficiency: Streamlined processes allowed the accounting team to focus on more strategic tasks, improving productivity.

Cost savings: Compliance support helped avoid penalties and reduced operational costs.

Informed decision-making: Clear financial reporting enabled better business strategy and decision-making.

ROI Our Accounts and Financial Management services helped Mason Home optimize its financial operations, ensuring compliance and providing accurate financial data, enabling the brand to focus on growth and long-term success.