To reduce the pressure on their small team, DEAL engaged Carbon for their payroll management and financial obligations
Developing East Arnhem Limited (DEAL) is an independent not-for-profit company with an experienced Board of Directors. DEAL was established in November 2014, in response to Rio Tinto’s decision to curtail production at the Gove alumina refinery. DEAL leads collaboration across the East Arnhem region, as trusted partners to businesses, governments and traditional owners.
The processing of DEAL's invoices, investment and financial record management and reconciliation of their bank accounts was previously jointly managed by the executive assistant and the CEO; a lot of additional and unnecessary pressure on a small team. Carbon were initially engaged as DEAL’s payroll specialists. DEAL also engaged Carbon Accounting for the preparation of fringe benefits tax return. In February 2018, DEAL upgraded their package to also include the diamond bookkeeping package to improve the management of their invoice processing and recording.
Being a not-for-profit, DEAL’s financial requirements are complex and managing those themselves was diverting resources from their core business.
"Our financial management reports are always produced accurately and provided on time. Thanks Carbon!"
"The previous system we were utilising detracted from our core business, taking a long time to process each week. There was also a greater margin for errors to occur."