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Frequently Asked Question
- What is Financial Controllership?
- Why would my business consider Controllership Focus Online services?
- What is Controllership Focus Online and how does it work?
- How do Controllership Focus Online services benefit my company?
- How secure is Controllership Focus Online service system?
- Why should we switch to Controllership Focus Online when we have a bookkeeper and accountant already?
- What other reasons are there to convert to Controllership Focus Online?
- When is a good time to make the switch to Controllership Focus Online services?
What is Financial Controllership?
Your bookkeeping department deals with a multitude of numbers every day and often does not have time or training to analyze what these numbers mean. Controllers look at the Big Picture of your business—what are the trends, where are the opportunities, where are the risks. Controllers are professional accountants who have received years of education to learn how to identify those key areas of your business that need watching. Our controllers are professional designated accountants (Chartered Accountants (CA) or Certified General Accountant (CGA) who are trained to:
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Design a chart of accounts that fits your business model
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Train, review and support the work of the bookkeeping department
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Design reports that summarize and communicate the results of your operations in a concise and clear manner
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Interpret and communicate the business results to the owner-managers in simple business terms
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Calculate and interpret the Key Ratios of the business
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Understand the impact of Break-Even Analysis, Profit Margins, and Cost Accounting on the business
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Manage your Cash Flow
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Create projections and budgets
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Develop a Strategic Plan for the company based on comprehensive “what if” analysis of the Key Drivers of that business
Why would my business consider Controllership Focus Online services?
When you consider the TRUE cost of maintaining an in-house accounting department - such as salaries, benefits, vacation pay, down-time, computer and accounting software, upgrading costs, use of office space, stationery, hiring costs, firing costs, and keeping a person full-time when they may only be needed half time - you may want to consider the alternative. We offer a service that you can use as much as you need to, there is no hiring, no use of your business premises, no human resource or computer hassles. We can give you efficient and consistent quality service provided by qualified professionals.
What is Controllership Focus Online and how does it work?
Controllership Focus Online is very easy! We review your business process (http://myaccountant.ca/content/services/bus.php)and then our Business Development Representative/Accountant will contact you to discuss the right Option for your business. Once the decision is made to get started we review with you our Business Assessment to determine your and your company’s goals and objectives. The team at Business Performance Solutions will set up a link to your choice of accounting and office software and then you are all set to go. The Controller assigned will contact you to start the conversion process which includes modifying your chart of accounts to fit the reporting you need. Once the first cycle is done, and based on the option chosen, you will be provided with financial reports and a meeting with your Controller to discuss current issues and tends.
How does Controllership Focus Online services benefit my company?
Two important benefits are the reduced costs associated with an outsourced accounting department and the expert advice you now have readily available to you from qualified Controllers and bookkeepers. Your accountants are just a click away. Since we train and supervise your bookkeepers, these concerns are no longer yours. Our qualified accounting staff will review your accounting records regularly. Their skill and training make your CFO team a valuable asset and an excellent source of advice to your company. In addition, your team is available during business hours, all year around, effectively eliminating problems such as down-time from sickness or vacations associated with in-house staff.
How secure is Controllership Focus Online service system?
Our affiliated and sister company Business Performance Solutions Inc. is using the most up-to- date proven technology including high speed servers, scanners and uploading software. Our servers are housed in a cement server farm that can only be accessed by authorized personnel. We use a secure server protected by a firewall that includes interference and intrusion prevention services such as an anti-virus gateway filter, an anti-spyware gateway filter, a content filter and daily off-site backups for your added protection. All scanned data are transferred over the internet using 128-bit encryption software. It is not possible for your data to be deciphered by anyone during on-line transfer. Your data is actually safer with Controllership Focus Online that it would be in house. (http://myaccountant.ca/content/outsourcing/support.php)
Why should we switch to Controllership Focus Online when we have a bookkeeper and accountant already?
When you choose our service you can be assured of a level of accounting proficiency not usually available except to large businesses. We provide you with a Controller that is a professional accountant and skilled bookkeepers, back-up bookkeepers and our computer support team at Business Performance Solutions Inc. takes care of your IT concerns. All our service providers are experienced at providing Online Accounting services. Our services can assist your existing staff or we can be your full accounting department. Your accounting team can be reached quickly by email, fax or telephone to give you optimum service. Convenience, dependability, and easy access are just some of the reasons for switching.
What other reasons are there to convert to Controllership Focus Online?
There are many other reasons to convert to Controllership Focus Online service. We help you manage your cash flow, yet you have the security of handling your own cash - you make the deposits and you print the cheques. Each CFO team member assigned to a business delivers a maximum level of service at a very cost efficient price. Your team of a Controller, bookkeeper and technical support person are always available for you. You actually have a team of three who are only a quick call or email away.
When is a good time to make the switch to Controllership Focus Online services?
Now is always a great time! Start by completing our Free Accounting Assessment. Our Business Development Representative who is a Professional Accountant with years of experience will contact you to develop a quote based on your company's volume and service requirements. Once an agreement is reached, a written contract will be supplied to you with a detailed listing of the services you will receive. Give us the opportunity to do what we do best, so you can do what you do best.
