GTC Trades

Overview

GTC Trades, a dynamic player in international trading and commercial supplies, faced the growing need for a unified financial system that could support their operational expansion and maintain compliance with UK financial regulations. Manual bookkeeping processes, scattered data, and a lack of real-time financial insights were hindering decision-making and business scalability.
Their leadership recognized the urgency of transforming their financial and reporting infrastructure and that’s where El Auditors stepped in.

INDUSTRY : International Trade & Supplies | Ecommerce

Our Solution

El Auditors partnered closely with GTC Trades to deliver a fully integrated and customized financial management solution. The engagement included:

1. Odoo ERP Configuration, Implementation & Training

• Tailored deployment of Odoo to centralize accounting, invoicing, purchasing, and reporting.
• Custom module development specific to the trade industry.
• Hands-on training sessions for the internal finance and operations team.

2. Bookkeeping & Financial Records Management

  • • Monthly bookkeeping aligned with UK accounting standards.
    • Automation of routine transactions and reconciliations.

3. Financial Reports Preparation & Analysis

• Timely and accurate preparation of Profit & Loss Statements, Balance Sheets, and Cash Flow Reports.
• Strategic financial analysis for internal stakeholders and investors.

Result

Reduction in month-end closing time.
0 %

4. Internal Audit Services

• Comprehensive internal audit to identify control gaps and inefficiencies.
• Recommendations implemented for procurement and inventory processes.

Outcome

Improved internal controls and reduction in untracked inventory by
0 %

5. VAT & CT Returns Filing

Compliance Made Simple:

• Zero late filing penalties.
• Peace of mind through proactive tax planning and digital documentation.

Additional Value Delivered

Strategic Advisory:

Our consultants advised GTC Trades on optimizing supplier terms and cash management strategies, helping to free up 15% in working capital.

Real-Time Dashboards:

Custom dashboards in Odoo now provide leadership with daily financial snapshots enabling faster, data-driven decisions.

The Results: A Partnership Built on Progress

Key Metrics Before El Auditors After Engagement
Month-End Closing Time
12 days
8 days
Manual Bookkeeping Effort
High
Automated & Streamlined
Internal Audit Observations
9 critical issues
100% addressed
VAT & CT Compliance Status
Inconsistent
Fully Compliant
Business Decision-Making
Reactive
Proactive & Insight-Driven

“Working with El Auditors has made our lives so much easier. They simplified our finances, kept us on track, and gave us the clarity we didn’t know we were missing.”
 GTC Trades