Outsourced Controller Services

Fusion CPA assists businesses with tax and accounting services to help them stay compliant while growing revenue.

Outsourced Controller Services

Fusion CPA assists businesses with tax and accounting services to help them stay compliant while growing revenue.

What is the Role of a Controller and Does Your Business Need One?

With so many different accounting roles within a business, it can be difficult to distinguish the duties of each. Here we take a look at the role of a controller to help you assess the need for this function within your business. 

What does a Controller do?

A financial controller is typically responsible for the holistic accounting functions within a business. This doesn’t mean that the controller will necessarily perform each function, they might need someone who is closer to the business operations to carry out the duty, while they manage each step to ensure accurate ledgers within a business that comply with GAAP guidelines. The role of a controller can be thought of as a high-level post within the accounting division that ties all of the outputs of other accounting functions. The greatest benefit of a controller is its strategic role as the go-between the finance division and a business’s senior management.

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Our outsourced accounting services make a difference in hundreds of companies in the US. Outsourced CPAs and bookkeepers are a game-changer for businesses who want to see real results without the commitment of an in-house accountant. By outsourcing, you can comfortably control the costs of accounting services to your company. You can read more about how our outsourced accounting works or contact us so we can discuss your business needs.

Some of the Key Services Performed by an Outsourced controller include the following:

  • Closing entries to reset the balances on temporary accounts (which show balances over a single accounting period) to become permanent accounts within the balance sheet, as a way of including all accounts in your business’s long-term financial records, giving a more accurate and comprehensive view of the finances.

  • Reviewing of financials allows you to better understand the financial health of your business as financial statements give insight into operations and cash flow.

  • Top-down budgeting takes the burden off of lower management to create a budget on their own, saving time and resources.

  • Providing work supervision of finance teams to ensure that everyone understands account statuses in an effort to reduce errors.

  • Adjusting entry preparation as required to ensure that your financial statements reflect accurate data.

  • Accounting clean-up, this includes reviewing historical information and monthly reconciliation of your books, financial statements, and ledgers to ensure correspondence of the numbers and consistency throughout.
  • Preparing final financial statements to provide necessary insights into revenue, expenses, profitability, debt load, and cash flow within your business.

  • Working with the businesses to ensure accurate and timeous tax filing so that your business remains tax-compliant and in good standing with the IRS.

  • Overseeing accruals and prepaid transactions, and more – play a crucial role in your records of current liabilities and current assets and are imperative to an accurate financial overview of your business.

In many instances, the functions of a controller may be considered on par with that of a CFO within a business, as controllers are also equipped to perform high-level business advisory and analysis in terms of forecasting, budgeting, and risk analysis.

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When Does Your Business Need the Services of a Controller?

SMB business owners usually handle their own record-keeping and accounting needs, but as their business grows, these tasks can become full-time jobs. This can be especially challenging if the owner lacks experience in accounting. Without a dedicated controller, there is a higher risk of making errors and creating chaos in the accounting system during times of rapid expansion.

Here are 3 definite signs your business is in need of dedicated controller services:

  • Your business is expanding
  • Your current accounting team seems to lack direction when it comes to handling various accounts within your business. This can often be picked up in constant account-related errors or inconsistencies in accounts payable and accounts receivable systems.
  • Top management and business leaders are spending too much time on accounting-related queries.

We can clarify outsourced accounting costs for you

We can clarify outsourced accounting costs for you

The services of a controller will help alleviate some of the financial challenges by creating smooth processes to ensure that your business remains in full compliance with local and where necessary, multistate tax obligations.

At Fusion CPA, we offer a host of outsourced accounting services. Whether it be accounting, bookkeeping, or controller services you need, we can help you decide which of the accounting roles your business needs most. You can also outsource a combination of these functions to our accounting experts, who have years of experience and expertise across different industries.

Our Services Can Scale With Your Business

We treat each business differently and we’re not ashamed to admit it! There’s no blueprint here.

  • During the first discovery call we discuss your pain points and affordability.
  • Then, we draw up a proposal based on the scope of the accounting services you need. We consider your current situation, as well as your business goals. Whether you need basic accounting or more in-depth analysis, our team of outsourced bookkeepers can make it happen.

You need trustworthy, up-to-date accounting software that suits your industry and your business needs. We will guide you through the implementation and customization process so your company can grow with confidence.

Are you Using the Right Bookkeeping Software?

Your business has specific issues and needs that your bookkeeping software needs to be able to handle. In fact, when you’re using the right software, you can move beyond compartmentalized business data.

You know you’re using the right software when your finances, sales, marketing, and operations data is integrated to give you a clear picture of your company’s financial health. Your data should also be easy to find and use.

If not, talk to us about choosing and integrating the best solution for your business. Our accounting services can be adjusted to suit your specific needs – and we know how important the right software is for business growth.

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