Knowing the banker lingo betters the odds of getting the deal done.
Skill sets aligned with your growth.
Best Practices for Accounting Procedures, Processes, Internal Controls, Reporting
Your company has a bookkeeper that can handle most of the daily tasks and even do some analytical work, however, your growth now requires a higher level of expertise. The controller’s training is more technically advanced than that of a bookkeeper. Incorporating this senior role on a part-time basis can give your company the comfort that GAAP financial statements are prepared accurately and timely, information flows properly to your CPA firm, and policies can be implemented to support more complex accounting and finances.
But, we only budgeted for one sales person, not two. How can we afford to pay for this?
Best Practices for Budgeting, Sales Reporting, Cash Flow Management
Similar to a CFO, a controller can help your company better manage, interpret, and forecast business performance. If your company’s operating strategy is clearly defined, then a controller can ensure proper procedures are in place for accurate budget versus actual reporting, tracking sales teams results, or projecting cash flow to handle seasonality trends, a drop-off in business, or an investment into new growth areas.
Knowing banker lingo certainly helps.
Financial Due Diligence for Financing Options
Your company has decided to apply for a line of credit, or has arranged a factoring relationship to bridge cash flow gaps; however, you have never really needed GAAP financial statements. Working with key advisors (company ownership and possibly an outsource CFO to evaluate financing alternatives), the controller can prepare the lender required financial statements and can assist in the due diligence process.
We help you minimize your risk.
Financial Statement Audit Preparation, Labor Audits, Tax Audits
Growth usually results in audits of one kind or another. Good audits occur when your company is seeking a certain size loan and the bank requests reviewed or audited financial statements. We can prepare internal financials according to GAAP standards and work with your CPA firm to produce the reviewed or certified audited statements. As for governmental audits (the not so good ones) our controller team has been through hundreds, so we can guide you here as well. We will help you set up procedures to reduce the risk of future audits, meet with state or federal auditors and coordinate all that must be done to satisfy the auditors’ requests. Audits and growth go hand in hand.
Size matters. Protect yourself.
Supervisory / Transition Role in Establishing and Structuring an Accounting Department
You’re busy meeting with top customers to grow your top-line and you certainly don’t have time to oversee your bookkeeper or worry about how to build an accounting team. Our outsourced controller can facilitate this process, review the bookkeeper’s work, establish internal controls, screen potential new hires for team additions, and ensure that roles and responsibilities are clearly defined for your sign-off. Ultimately, if your company needs a full-time controller, we can help by bridging the gap until you meet the right candidate and by helping you find a full-time match.