Case Study: Texas Financial Advisory proves IRS audit expenses and saves $50,000 a year with Shoeboxed

Audited by the IRS, this Firm Used Shoeboxed to Validate Transactions

Texas Financial Advisory, a wealth management firm in Texas, used Shoeboxed after its founder, Brooklynn Chandler Willy, struggled to keep client statements and business receipts organized. The firm had previously relied on Earth Class Mail for mailed statements and was also keeping receipts in Ziplock bags, which became a problem when an IRS audit required quick access to supporting documentation.

With Shoeboxed’s receipt scanning service and Magic Envelope, Texas Financial Advisory mailed in receipts to be scanned, human-verified, and stored digitally so they could be searched and retrieved on demand. The solution helped the firm validate transactions during the audit, go paperless, and stay organized, and Brooklynn estimated that Shoeboxed replaced a full-time role worth about $50,000 per year in salary and benefits.

Texas Financial Advisory

Brooklynn Chandler Willy

Chief Executive Officer and President