Landscaping · Salem, Utah
Charm Studio: From Messy Books to a Bank-Ready P&L
David’s Charm Studio in Salem, Utah, needed accounting help when messy books made its financial statements difficult to read. With Gale Partners Accounting’s help, the business got organized and sent a clean P&L to the bank; David reports it was able to get five million dollars.
“We sent it to the bank and we were able to get five million dollars.”
Charm Studio · Landscaping
5 chapters · Salem, Utah
Chapter 1
A flower shop started right out of college
David described starting a flower shop right out of college and struggling for a while. Working with Gale Partners Accounting helped him become more responsible with expenditures as the business grew and needed help.
Chapter 2
Messy books and trouble keeping receipts
Before working with the firm, David described the books as “a mess all over the place” and said keeping receipts was a problem. Gale Partners came in and got things sorted out.
Chapter 3
A loan discussion exposed the need for a clean P&L
David said the business could not read its financial statements when it had decisions to make. When Aubrey wanted to get a loan, he initially said no because they did not know where their financials stood. They needed help preparing a clean P&L to send to the bank.
Chapter 4
Clean books and five million dollars from the bank
David said the books are now organized and clean, and the business knows what is coming in and going out. After sending its clean P&L to the bank, he reported that the business was able to get five million dollars.
Chapter 5
A partnership that provided what the business needed
David would encourage another business owner to look into working with the firm. He called it “a great decision” and said the partnership had given the business everything it needed.
Full interview transcript
Tell us a little about your business.
I started a flower shop right out of college. I didn't do well for a while until I found Freddie Accounting, and I could be more responsible with all of my expenditures. She means Gale Partners Accounting. Right. This is Freddie software that we use. But yeah, the business has grown, and we needed help. I am flourishing. I heard. Literally.
What were your books like before you started working with us?
They were a mess all over the place. Couldn't keep receipts from. Receipts. Yeah, our books were really, really messy. Thankfully, Gale Partners came in and got things sorted out. So, yeah.
What made you decide it was time to get help?
When we couldn't read our financial statements, we had some business decisions. Aubrey wanted to go get a loan. I said no. We had no idea where our financials were, and so we needed a clean P&L to send to the bank. And so we worked your help.
What's different now?
It's organized, clean. Know what's coming in, what's going out. Yeah, we have a clean P&L. We sent it to the bank and we were able to get five million dollars. Yeah, you heard that right. Flourishing my flower shop, all because of Gale Partners. Yeah.
What would you tell another business owner who's on the fence?
I would definitely say looking to Gill Partners. It was a great decision. We feel like great partners and given us everything we've needed.