A small business earning more than $1 million in annual revenues is ready for controller-level services. This includes bookkeeping which is either outsourced or done in-house by full-time or part-time employees or contractors. An oversight function is included where an accounting manager reviews the monthly work and discusses financial reports with the owner. Our controller services include:
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Budgeting and forecasting
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Cash flow projections
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Insights into where you can reduce expenses, increase revenues, decrease risk, and/or benefit from financial opportunities
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Accounting process setup, improvement, and documentation
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Accounting system selection, setup, customization, and training
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Chart of accounts optimization
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Accounts receivable support and analysis
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Inventory setup, reporting and analysis
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Job costing setup, reporting, and training
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Internal control review to reduce the risk of fraud and other management risks
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Key performance metrics selection, setup, and review
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Financial training to elevate skill sets of employees and owners
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Financial report analysis and guidance
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Compliance with financial reporting rules and regulations
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Audit assistance and coordination with an external auditor
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Hiring or supervising accounting staff
Our accounting team will assess your business to determine which controller services will have the most positive impact on its profitability. Based on this assessment, we will develop a plan of action and team up with you to finalize it.