Our Blog

Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
4, January

Controller Checklist for Small Businesses

As the owner of a small business, you've probably been getting by with piece-parting your financial and accounting tasks to various members of your organization. You may even be outsourcing some of the work. However it's being done, odds are that it's not being handled in a centralized way. In the early stages of getting a business off the ground, this approach makes perfect sense. As your company gains more solid footing and starts growing and expanding, however, this strategy will probably start to backfire. You're likely to be in a state of perpetual confusion about the financial status of your business, and that's a precarious position. Sound familiar? If so, it may be time to hire a controller.

What are Controller Services?

To understand what controller services are, it's helpful to understand what a controller is. According to Investopedia, a controller is "[an] individual who has responsibility for all accounting-related activities within a firm." In larger organizations, a controller may report to the head of the accounting or finance department. In a small business like yours, however, a controller would report directly to the CEO. Think of a controller as the go-to person for all accounting- and finance-related tasks.

With that in mind, then, controller services encompass the tasks that a controller is typically expected to perform. All too often, small business owners assume they can go without a controller. If anything, though, a controller is even more indispensable to a small company. As the owner of a small business, you need to stay abreast of where your company stands financially. When everything is scattered all over the place, getting a clear idea of the big picture is pretty much impossible. Imagine how much easier it would be to be kept up to date by a single person who is responsible for overseeing your company's financial and accounting activities. If that sounds appealing, it's time to sign up for controller services.

31, December

10 Qualities Not Every Outsourced Bookkeeping Service Shares

Your company's CPA and CFO rely on the data gathered, organized, recorded, and classified by your bookkeeper to.

18, December

How CFOs Can Keep Bookkeeping From Ruining Their Clients

When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes.

9, November

Should You Lease Equipment Instead of Buying It?

Every kind of business will eventually acquire new equipment and capital assets to continue its operations —.

17, October

What are the Tax Differences Between an S-Corp and a C-Corp?

When a growing business decides to convert into a corporation, it faces a critical choice. Should it file as a.

6, October

How To Know If You Can Trust Your Bookkeeper

In our prior post, we talked about how to find an outsourced accounting service you can trust. But you may still be.

Subscribe to Email Updates


View All

10 Signs Your Business Is Ready For Outsourced Accounting Services