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Outsourced Financials

SMB Suite for Outsourced Financials

SMB Suite Outsourced Financials is a first of its kind comprehensive financial outsourcing solution designed specifically for small and medium sized companies. The SMB Suite Outsourced Financial solution includes everything needed to manage your day-to-day Controllership and financial transaction processing needs: hardware, financial software powered by Microsoft Dynamics GP and a team of seasoned accounting professionals all for a low monthly fee.

Typical Business Challenges faced by Small Businesses

If you are experiencing any of the following challenges, then SMB Suite Outsourced Financials is an ideal solution you should consider for your business.

  • Lack of financial oversight
  • Dedicating time to prepare financial statements
  • Difficult to calculate and recognize revenue in proper financial periods
  • Difficulty in obtaining funding or loans due to lack of auditable financial statements
  • Focusing on revenues instead of profitability
  • Inconsistent or out-of-date business reporting
  • Lack of accounting controls
  • Lack of data integration to support financial reporting
  • Manual reconciliation of bank accounts
  • Monitoring actual expenditures in line with budgeting
  • Lacking a trusted financial business advisor
  • Supporting expensive accounting hardware and software

Business Benefits of SMB Suite for Outsourced Financials

The quantifiable benefits of SMB Outsourced Financials can provide your business include:

  • Improved profitability through a disciplined financial review
  • Simplify month/year end closing, tax planning and audits
  • The visibility to accurately budget and forecast
  • Accounting professionals ensuring your reports are consistently accurate and timely
  • Accounting and Technical support to assist and answer your questions – Like having your own accounting and information technology department at your fingertips
  • Eliminate costs to correct financial statements
  • Minimize potential for errors and eliminate redundant data entry
  • Integrate business processes with state-of-the-art technology
  • One low monthly fee – eliminates need for large capital outlay for expensive hardware and software
  • Easy on-boarding to world class accounting software
  • Your vital business data continually backed-up and secured with enterprise-level controls

Service Offering

SMB Suite Outsourced Financials a complete suite of financials software powered by Microsoft Dynamics GP, including Accounts Payable Management, Accounts Receivable Management, Bank Reconciliation, General Ledger, and Financial Reporting. You’ll have access to the software to enter all of your accounting transactions, including the ability to create customer invoices, receive payments, pay bills, and review financial statements. An accounting professional will perform the following monthly services:

  • Reconcile Bank Accounts - Each bank account is reconciled to the associated bank statements.
  • Create and Enter Month-end Journal Entries – Financial activity related to such areas as payroll, fixed assets, revenue recognition and expense accruals will be prepared and recorded.
  • Prepare and publish Basic Operating Statements – A reporting package that goes beyond traditional financial reporting to include operationally-focused reports such as month and year-to-date profitability by client or market, as well as budget comparisons and variance analyses. We proactively review and analyze the operating results, predicting questions our clients will have and researching points of concern.

You’ll also have access to the SMB Customer Portal which includes a Financial Dashboard and secure document repository for all your supporting documentation and month end financial reporting package.

Our accounting professionals will enter all of your transactions for you into Dynamics GP. You accumulate all of your accounting information for the month and provide it in electronic format to our accounting team. The accounting team processes all of your transactions in Dynamics GP and prepares financial statements and other operational reports.

For an additional fee you can also choose to have a complete monthly review of your financials with a Corporate Controller. This review, referred to as a Financial Summit, is a one-on-one session between you and the Corporate Controller assigned to your account. The Corporate Controller walks you through the financials, explaining significant items, and answers any questions about the financials you might have.