Early success is a win for any new business. And, if sales are really booming, a company can experience a few challenges from growing too quickly such as inventory turnover, cash flow and budget forecasts. These were some of the early growing pains an Indianapolis manufacturer experienced shortly after launch. The company was on track for big success in its first year of operations but needed an updated roadmap to keep up with customer demand and outline next steps when growth stabilized.
Rektio, an Indianapolis Accounting
Rektio, an Indianapolis accounting firm, partnered with the company as an off-site resource to manage budgets, set financial expectations and fill in other gaps, as needed. As the company continued to grow in customers and staff, the Rektio team provided counsel to leadership. Today, Rektio remains a trusted advisor providing oversight in several key financial areas of the company.
- Revenue Recognition
- Inventory Management