How Flux Accounting Used a Line of Credit to Quickly Hire Staff

Hiring handshake

Chase Vowell, Owner and CEO of Flux Accounting in San Diego, CA, was looking for a way to accelerate the growth of his business. “We had a lot of clients coming in, but we couldn’t onboard them as quickly as we wanted because of our headcount.” Given that Flux was trying to onboard 2-5 new clients per month, hiring was a top priority. However, using revenue and cash flow alone, he had to wait until reserves increased before he could hire. That’s when he started looking for a business line of credit, to get away from this cyclical dilemma.

As an avid QuickBooks user, he looked at the QuickBooks App Store for some ideas. That’s when he found Fundbox. Fundbox integrated into QuickBooks and had good reviews, so he decided to give it a try. “I remember onboarding being really easy. The setup with QuickBooks was seamless,” he said.

Once he was approved and started using Fundbox he was impressed. “The interface is extremely user friendly,” he said. “The sheer transparency is phenomenal, which is rare,” he added.

The best thing for Chase and Flux Accounting is the impact that Fundbox has had on his business. “We’re now able to hire much earlier, so by the time we hit a busy period, our employees have already been trained and our clients don’t see a lapse in service.”

Solutions like Fundbox are where Chase sees his practice moving in the future. “This is the future of cloud accounting,” he explained. “Everything ties to the accounting platform and you cut down on the manual work, so you can focus on the value-add consultation with your clients.”

Learn how a line of credit from Fundbox can help you too, to quickly access the cash to hire extra staff when you need them.

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Tags: Accounting and TaxLine of Credit