A Fixed Employee Skillset or a Flexible Business Accounting Setup
Businesses grow and change over time. At one time, a business owner might have just needed a bookkeeper, but now a solid plan is in order.
Controllership is more than bookkeeping. It involves recommending a financial strategy, managing cash flow, minimizing costs, and more. Businesses that employ only a bookkeeper may not have the right skillsets on-hand to grow their business to full potential.
More Than a Bookkeeper but Less Than a Controller
Many businesses are in an awkward position. They need more than the day-to-day accounting a bookkeeper offers, but they don’t have enough need to justify hiring a full-time controller. They need some financial strategy, but cannot justify paying a full-time controller for 40 hours a week.
A bookkeeper:
• Handles day-to-day finances
• Manages expenses like payroll
• Keeps things in order
While a controller:
• Reviews bookkeeping to make recommendations
• Supplies cash flow reporting
• Analyzes key performance indicators to determine return on investment (ROI)
• Communicates key issues to support strategic decision-making.
The skillsets are very different, though both deal with the financial health of a business. As a business grows, the controller skillset becomes more and more important.
Businesses that already have a full-time bookkeeper won’t have to make staffing changes to work with CFO: we won’t make you say goodbye to him or her. In fact, things often go more smoothly when we can work directly with a bookkeeper ‘on the inside’.
When businesses have a bookkeeper, it is recommended to outsource just the controllership tasks. That way, a business has the strategy and reporting on which to base decisions while still keeping day-to-day accounts and financial management the same. As the business grows, the outsourced controllership portion can scale up.
Moreover, Controllership Focus Online offers a review of existing bookkeeping setups. By making a few changes, many businesses save themselves a great deal of money, or eliminate hidden costs.
Three Skillsets for One Price
Outsourcing controllership is only a portion of what Controllership Focus Online can offer. For business owners that like to say “just handle it” to one source, CFO offers:
• Bookkeeping for consistency
• Controllership for strategy
• Technical support for functionality
What’s the First Step with Controllership Focus Online?
Contact us by phone or email. Once we start talking with a business owner, we can make recommendations. We outline only the most fitting bookkeeping and accounting options.
Contact Controllership Focus Online Now
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Testimonials
“I have been thrilled with the results. Our office overhead is now half of what it used to be. For the first time in 13 years I have monthly reports that I understand and can base my decisions on…”- Art Sutherland, President
Accent Refrigeration Ltd. (Creators of “Perfect Ice”)
“JA Smith was able to make sense of our situation and worked diligently to rectify it...the knowledge and contacts available in this group is substantial and I highly recommend using their services whether for day to day accounting or in my case, high level controllership.”- Steve Henderson
Henderson Specialty & Custom Matting
“We appreciate the state-of-the-art reporting including detailed cash flow projections. They’ve brought order to our highly complex business…delivered with first class professionalism and care…”- Dr. Julian Thornton
Microtek/ Bayotek International Inc. (Biotech Vaccine Company)
"My wife and I own property in southern Baja and we wanted to spend the winter months down there. We both run businesses that can be operated to a large degree by using the internet. But how was I to keep my bookkeeping and accounting up to date? J.A. Smith and Associates solved that for me... Read more »"- Dynamic Sawmill Systems Ltd.
"I'd like to thank you all and extend many kudos for the teamwork and service level at Business Performance Solutions and J.A. Smith and Associates. I especially enjoy the 'Computer First Control Sheet', where I am able to record any problems I encounter and the BPS Team is able to access the Sheet and resolve the issues... Read more »"- Blueboy Express