Outsourced Controller
Fees starting at $2500/month
As a small business owner, you may not have the resources to employ a full time controller to oversee the operations of your accounting department. Depending upon where you live, a full time Controller could cost you anywhere between $125,000 to $250,000 plus benefits. Balanced Equation provides a range of financial and accounting services to businesses that may not have the resources or need for a full-time, in-house controller. These services are designed to support your financial management needs, ensure compliance, and improve overall financial performance. Some of the key services our outsourced controllership services typically include:
1. Financial Reporting:
2. Budgeting and Forecasting:
Assisting in the creation of comprehensive budgets and financial forecasts that help businesses plan their financial activities, set realistic goals, and make informed decisions.
3. Bookkeeping:
Maintaining day-to-day financial records, including recording transactions, reconciling accounts, and managing the general ledger.
4. Accounts Payable (AP) and Accounts Receivable (AR):
Managing vendor invoices, payments, and collections to ensure smooth cash flow management.
5. Cash Flow Management:
Monitoring and analyzing cash flow patterns to identify potential cash flow issues and develop strategies for optimizing cash flow.
6. Financial Analysis:
Conducting in-depth analysis of financial data to provide insights into the company’s performance, profitability, and areas for improvement.
7. Tax Compliance:
Ensuring the company complies with tax regulations, preparing and filing tax returns accurately and on time.
8. Accounts Payable (AP) and Accounts Receivable (AR):
Implementing internal controls to safeguard company assets and reduce the risk of fraud or financial mismanagement.
9. Financial Controls and Risk Management:
Implementing internal controls to safeguard company assets and reduce the risk of fraud or financial mismanagement.
10. Month-end and Year-end Closings:
Overseeing the financial closing process to ensure all financial records are accurately recorded and reported at the end of each accounting period.
11. Financial Strategy and Advisory:
Offering financial insights and recommendations to support strategic decision-making and long-term planning
12. Compliance and Reporting:
Ensuring the company adheres to relevant accounting standards and regulatory requirements and providing financial reports to stakeholders as needed. Ensuring books are audit ready should your business need an external audit.