NexGen 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?