Kim Parsons

Kim started her career in finance working for the Garden City Treasures Department and Gallatin County Treasurers Department. After relocating to Texas she spent 5 years working in public accounting for one of the Big 4. Kim brings years of experience working with reconciliation, budgets, AP, AR, SEC regulations, PCAOB regulations and RFP processes. She has government security clearance and believes in confidentiality, accuracy and building lasting relationships with her clients.
When she is not crunching the numbers Kim enjoys spending time with her family (including the family basset hound Chloe), reading, hiking, traveling and music. Game nights and Barbeques by the pool are a frequent occurrence here in Texas as well as traveling back to Montana to ski and spend time with her family. Kim and her husband enjoy planning trips to cross destinations off their bucket list someday they will see all the U.S. National Parks and get to Ireland, Spain and then start the next list.

Is NOW the Right Time to Outsource your Accounting and Finance Needs?

blog2raNexGen Finance Solutions has spoken with many Dallas/Fort Worth based small and medium sizedbusiness owners over the last 5 years, and we know that entrepreneurs are scrappy.  Small business owners work hard, and the idea of spending any extra money on additional services seems counterproductive. However, there comes a time in each business owners career that they realize outsourcing will grow their business and more than pay for itself, but how do they know for sure? 

 While there are no hard and fast rules on when outsourcing is best for your company, use these benchmarks as clues that it may be time to outsource your accounting and finance needs:

 

 The Short Answer

  • Here is how you know:
  • Your company is experiencing rapid growth and you no longer have the time or expertise or desire to handle the ever changing rules or laws with US GAAP accounting, state and federal taxes or the constant changes to payroll.   
  • The rapid growth of your company means you now have less and less time to handle the day to day requirement to maintain accurate books and records.
  • Company monthly G&A expenses are now upwards of $15,000 a month and on the rise.
  • You are considering to hire employees to assist your company with the workload but you are not sure about the following:

o   If they are the right candidates with the right experience,

o   If you have the benefits to attract the right candidates,

o   If you can afford them or,

o   If you have the work load to keep full time employees busy.

 

The Long Answer

 Your role as a small business owner is to be involved in the revenue generating aspects of the company. If you are bogged down in the every day accounting and finance aspects, your time is not being utilized and you are not maximizing your profits. Let a company of accounting and finance experts – like NexGen Finance Solutions – take the burden from your shoulders. Furthermore, while you are an expert in running your business, we are experts at managing the accounting and finance. Even the most meticulous small business owners believe their books are sound, but we find errors or key financial relationships or processes to streamline services or ways to increase the bottom line in just re-evaluating the financial records with fresh eyes.  Our focus is always to help increase cash flow, increase profit margins and also to reduce your taxable income. Our team of experts knows accounting and finance, and our expertise allows us resolve your accounting, tax and finance issues so that you do not have to do so. Entreprenuer.com simply puts it like this: “In the spirit of creating more time in your day to grow your business….find a good bookkeeper for day-to-day accounting, a great payroll company to handle paychecks and withholdings, and an even better CPA for tax accounting.”

 

NexGen Finance Solutions can help you with these services and more. When you feel it is the right time to outsource your finance and accounting needs in Dallas, call Bryan Polozola at 214-629-0100 or email bryan@nexgenfinance.com.

 

Are you ready to meet your new finance team?

5 Benefits of Outsourcing Your Accounting and Finance Needs

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As your company grows, so do your accounting and finance needs. What starts as simple bookkeeping expands into more complex accounting and payroll questions, and then expands into the need for strategic planning from an expensive CFO. But should you incur the costs of a full accounting team? What if you do not feel your company is quite big enough to need a full-time accounting team, but you want someone more experienced than your aunt handling the job?

Before you start accepting job applications, consider the benefits of outsourcing your accounting and finance needs:

1. Cost Savings

This is a language any business owner can understand! Hiring a full team of accountants costs serious money, not just in salaries, but in benefits, taxes, insurance and time too. When you hire an outsourced accounting and finance firm, you are able to control your costs and have the team provide services for what you actually need. You are only paying for the hours an accountant is handling your work. 

2. Time Savings

If your company does not employ a full financial team, then there is no time spent recruiting, hiring, managing them or handling personnel issues. Outsourcing your accounting and finance team will free you up to grow your business and focus on the area that matters most and that is driving the bottom line.

3. Highly Trained Staffers

When you hire an outsourced accounting and finance team, you know you are paying for expertly trained staffers to handle your accounting and finance – not just someone who dabbles in QuickBooks. And when it comes to your money, you want someone who understands the ins and outs of YOUR business – revenue recognition, KPIs, GAAP Accounting, payroll, tax codes, proper budgets, forecasting, etc. – so that your business remains in the black and constantly moving forward.

4. Less Risk

An outsourced accounting and finance team provide less risk to your company.  Their contractual agreements bind them and hold them to a higher standard. The blame falls on them if financials are not handled appropriately, meaning there is less liability to you. That being said, your company can be assured that outsourced accounting and finance team members are going to handle your account with the fiduciary duty, utmost care and attention to detail that we know you demand.

5. Positive Feedback

An outsourced accounting and finance team may provide your company with financial suggestions through varying metrix analysis or KPIs that you may never have considered. Expect to get options on how you can maximize the use of inventory, grow your business revenues, determine product profitability or save your business money.  These options would never have discovered or thought of without the help of an expertly trained accounting and finance team.

If you are interested in outsourcing your accounting and finance needs, give Bryan Polozola at NexGen Finance Solutions (214-629-0100 bryan@nexgenfinance.com) a call today.Our team of expertly trained staffers is well-qualified to give your company the attention and care you demand. From basic accounting to strategic forecasting, NexGen Finance Solutions is ready to deliver. Are you ready to meet your new finance team?

NexGen Finance Solutions Receives 2015 Best Businesses of Dallas Award

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NexGen Finance Solutions has been selected for the 2015 Best Businesses of Dallas Award in the Accountants category by the Best Businesses of Dallas Award Program.

Each year, the Best Businesses of Dallas Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Dallas area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2015 Best Businesses of Dallas Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Best Businesses of Dallas Award Program and data provided by third parties.

The Best Businesses of Dallas Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Dallas area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Best Businesses of Dallas Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

If you are interested in outsourcing your accounting and finance needs, give Bryan Polozola at NexGen Finance Solutions (214-629-0100 bryan@nexgenfinance.com) a call today.Our team of expertly trained staffers is well-qualified to give your company the attention and care you demand. From basic accounting to strategic forecasting, NexGen Finance Solutions is ready to deliver. Are you ready to meet your new finance team?