Key Takeaways
- Cost-effective financial expertise: Get top-tier financial oversight without the expense of a full-time hire—pay only for the services you need, when you need them.
- Improved accuracy and compliance: An outsourced controller ensures timely financial reports, clean books, and IRS/GAAP compliance, reducing your risk of penalties or costly errors.
- More time to focus on growth: Offload time-consuming accounting tasks and focus on core operations, while still receiving real-time financial insights.
- Scalable support for business growth: Gain strategic input from a financial expert who can grow with your business and provide unbiased, data-driven recommendations.
- Integrated NetSuite expertise: Controllers experienced with NetSuite streamline software setup, optimize workflows, and maximize your investment in the ERP system.
Proper financial management is essential for business growth and compliance with GAAP and IRS regulations. To achieve business growth, it is crucial to have up-to-date business numbers, which enable informed decision-making. Unfortunately, many business owners struggle to juggle these tasks, which can become overwhelming and put their businesses at risk of encountering issues with the IRS.
Don’t let these challenges hold back your business growth – prioritize proper financial management to ensure compliance and informed decision-making. This is where NetSuite Controllers come in handy.
Benefits of Outsourced NetSuite Controllers
A NetSuite controller oversees your business’s financial data within NetSuite to ensure accuracy and compliance. While the software offers sophisticated business management solutions that alleviate the admin of financial recordkeeping and aids your business to remain compliant, it still requires the oversight of a trained staffer who can interpret data and manage errors to avoid a mess in the accounting records of your business.
The problem is that hiring a full-time NetSuite controller may seem too costly for your business, depending on the phase of growth you are in. This is where outsourced NetSuite controllers may bring great benefits to your business.
How a NetSuite Controller Fits Into Your Team
A NetSuite controller manages all core accounting functions and acts as a bridge between your finance team and leadership. They handle accounting, bookkeeping, and financial reporting functions on your behalf. They can act as the go-between your finance division and senior management as they work to ensure the numerical picture of your business is accurate and compliant. You can tailor the services you require from a controller to suit the needs of your business.
Some of the key services performed by an outsourced NetSuite controller include:
- Closing entries
- Reviewing financial statements
- Aiding with top-down budgeting
- Preparing financial reports
- Ensuring accurate and timeous tax filing
- Overseeing accruals and prepaid transactions
The benefits of an outsourced NetSuite controller
Outsourcing a NetSuite controller provides expert financial management without the cost of a full-time employee.
| Benefit | Description | Why It Matters |
| Cost-Effective Expertise | Access up-to-date financial skills without full-time employee costs. Pay only for needed services without overhead or benefits. | Saves money compared to hiring an in-house CPA and uncovers cost-saving opportunities to boost profits. |
| More Time to Focus on Operations | Frees you from detailed financial management, providing clear, real-time financial insights including multistate tax compliance. | Lets you concentrate on core business activities while staying informed for better decision-making. |
| Support for Business Growth | Provides impartial, strategic financial advice from an objective perspective, supporting scalable growth decisions. | Helps you avoid bias and make smart financial choices as your business evolves. |
Frequently Asked Questions
- What does an outsourced NetSuite controller do for my business?
An outsourced NetSuite controller manages your accounting, financial reporting, budgeting, and compliance tasks within NetSuite. They ensure accurate books, timely tax filings, and provide strategic insights, without the overhead cost of a full-time hire. - Is hiring an outsourced controller more affordable than hiring in-house?
Yes. You only pay for the services you need, avoiding salaries, benefits, and overhead. This makes outsourced NetSuite controllers a cost-effective option for growing businesses. - How can an outsourced NetSuite controller help my business grow? They provide real-time financial visibility, uncover cost-saving opportunities, and offer impartial advice to support scaling decisions, freeing you up to focus on operations and strategy.
We can help!
At Fusion CPA, our outsourced NetSuite controllers combine industry experience with software expertise to keep your accounting accurate and efficient. Whether it be accounting, bookkeeping, or controller services you need, we can help you decide which accounting roles and functions 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 NetSuite Outsourced Controllers are skilled at software integration and can offer your business the peace of mind it needs to run its accounting accurately and independently.
_______________________________________________________
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.