Are your books in disarray? Could your accounts be managed more proactively? Can you trust that your finances are being managed properly and that your reports are accurate, timely, and up-to-date?
If the answer to these questions is yes, you could benefit from our controller services. We’ll oversee all the accounting-related activities in your company so that you can rest assured that everything is being handled correctly.
Roles And Responsibilities Of Financial Controllers
Controllers oversee the accounting and financial record keeping activities of a company. Their focus is on ensuring that your recorded data is accurate, completed in a timely manner, and follows controls and regulations. They spot any discrepancies, discern why they occurred, and work to resolve the issue. They also hold your team accountable to upholding policies and procedures.
Typical responsibilities of controllers include:
- Overseeing the company’s accounting
- Ensuring internal controls are implemented and followed
- Ensuring compliance in financial reporting
- Putting new processes in place and ensuring plans are being executed
- Financial strategizing and guiding the company in the appropriate direction
- Acting as an audit liaison
- Minimizing financial risk
- Managing cash flow
- Identifying cost savings
- Mentoring financial staff
- Preparing operating budgets
- Collecting, analyzing, and consolidating financial data
- Managing transaction reporting
- Payroll-related duties
- And more
Controller functions vary across companies according to the size and complexity of both the business itself and the industry it’s in. A good controller will be able to adapt to your company’s needs. In addition to the financial skills the role requires, controllers must also have excellent soft skills, such as leadership, charisma, and being able to cultivate interpersonal relationships with your team.
Is A Controller The Same As A CFO?
Both controllers and CFOs are leaders in a company’s financial operations, it’s true. However, they are not one and the same, although in small companies, the roles may be done by the same person.
A controller is more focused on the accounting processes and reports that are then delivered to more senior management within the company. They are more involved in internal reporting, implementing internal controls, and managing financial accuracy.
A CFO, on the other hand, uses the work that the controller does in order to focus on bigger-picture company financing projects. They have a bigger presence in the company and conduct more external tasks, such as working with investors or with a merger or acquisition.
Why Outsource The Controller Function?
Controllers, as the name suggests, control the financial reporting and risks of a company. They’re responsible for ensuring that everything is done correctly, which necessitates being able to understand why inaccuracies exist, potential risks to your business, and changes that need to be made. They’re able to guide others on your team to follow the appropriate policies and procedures.
Outsourcing the controller function allows you to gain confidence in your business decisions while cutting costs and gaining knowledge. For smaller companies looking to grow, hiring controller services gives you all the benefits of having a full-time controller at a more affordable and flexible rate.
Rather than taking on a management role in your company, outsourced controllers provide guidance and oversight to your accounting team. Outsourcing gives you the confidence that your finances are in capable hands, as our 20+ years of experience working as controllers gives us.
When Is It Time To Hire Controller Services?
It’s time to consider hiring a CPA for controller services when:
- Your reporting doesn’t give you a clear, insightful picture of what’s going on.
- There are errors and inefficiencies in your accounting tasks and data entry.
- You only have a surface-level view of your company’s finances.
- Your financial systems aren’t growing with your business.
- You question the validity and reliability of your financial data.
The CPAs here at Golub, Senitt, Rosenberg & Co. provide controller services that addresses all of these issues, giving you confidence in your accounting and financial systems that grow with your business.
Effective Controller Services In Glendale, CA From GSR
Golub, Senitt, Rosenberg & Co. has over 20 years of experience working as a controller and a fractional CFO for a variety of industries. We take pride in helping our clients grow their businesses with our timely, accurate, and high quality work. We build long-term relationships with our clients and pride ourselves on our timeliness and responsiveness. Our extensive experience allows us to comprehend the unique needs of each and every one of our clients, so we can best help them to succeed.
Contact us today to learn more about our controller services and how we can help you rest assured that your finances are being taken care of properly.