Controller Services
An outsourced controller is a financial expert who will help keep your books up-to-date and provide financial reporting and information in a timely manner. An outsourced controller’s rules and responsibilities vary based on the projects or services. They may work as a stand-alone expert for your organization to organize books and get reporting up to date. Or, they may act as a strategic CFO for projects such as determining cash flow issues and implementing new accounting systems. Essentially, an outsourced controller’s main role is to accurately track and report financial data.
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Monthly Closing & Account Reconciliation
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Preparation of the Financial Package with analysis
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Track business cash position
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Budgeting, forecasting, and projections
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Audit preparation and liaison with audit firm
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Assistance with complex accounting issues
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Back office and accounting staff work reviews
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Dashboards, key metric benchmarking, trend analysis development, and detailed analytics
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Accounting software selection and implementation
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Process Improvements for better oversight and internal controls
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Cash to GAAP (accrual basis) accounting conversion
Full-time controllers can cost anywhere from $70K to $135K per year plus bonuses and benefits. Even though this level of service can greatly benefit small businesses, it’s not financially feasible. However, with a virtual controller option, you can now have an expert on your side for an affordable fixed monthly cost.