Outsourced Controller Services

Maintain Financial Discipline & The Best Accounting Practices

Whether your company is growing, your employees are overworked, or you simply want access to expert insights, outsourced controller services might be the solution you’ve been searching for.

Fill out the form to Schedule a Free Strategy Call

Outsourced Controller Services

Maintain Financial Discipline & The Best Accounting Practices

Whether your company is growing, your employees are overworked, or you simply want access to expert insights, outsourced controller services might be the solution you’ve been searching for.

Fill out the form to Schedule a Free Strategy Call

What is an Outsourced Controller?

An outsourced controller is a financial expert that helps your team manage day-to-day organizational tasks, such as processing payroll, preparing financial reports, and supervising lower-level staff. In addition, outsourced controllers maintain leadership positions in your company, maximizing efficiency, productivity, and communication.

Outsourced controllers are often referred to as interim controller as they act as the medium between a full-time controller and no controller. For example, as your business begins to grow, you might have the need for high-level expert assistance on a part-time basis. It wouldn’t make sense for your organization to hire a full-time CFO, making an outsourced financial controller a viable solution.

When Does Outsourced Controller Services Make Sense ?

Although there’s no set-in-stone rule on when you should pursue outsourced controller services, there are a few indicators to watch out for.

Your Finance Team Has Poor Communication

If it takes days for an accounts payable request to be processed or weeks to close out month-end, you might need to bring in an outsourced controller. Each of your team members might have their own way of doing things. A financial controller can align these operational styles and facilitate clear, and quick communication throughout your team.

You Notice Frequent Errors and Mistakes

Transaction levels and business growth are positively correlated. As your business begins to grow, the number of transactions you are processing each month increases. Now that your finances encompass more transactions, manual data entry and poor oversight can lead to frequent errors and mistakes, resulting in compliance issues and inaccurate financials. A controller can help reduce errors by introducing automated processes, stringent checks, and providing oversight to ensure accurate financials and regulatory compliance.

Financial Insights are Elementary

Basic reports, such as pie charts of expenses or a guess of projected sales, might have been enough in the startup phase, but it won’t cut it as your company begins to grow. Investors, lenders, and other third parties will require sophisticated and detailed reporting. A controller, with their financial expertise, can create advanced reporting systems. These not only satisfy investors and lenders, but also offer valuable insights for your company’s growth.

You Experienced or Plan to Experience Rapid Growth

Growth doesn’t usually happen by chance. Instead, it takes a conscious effort and proper oversight to reach your growth goals. If you are already knee-deep in the growth phase or planning on expanding operations, now might be the right time to bring in an outsourced controller.

You Struggle with Compliance

Everyone wants a piece of the pie, from the IRS to state agencies. Compliance with regulatory agencies can be difficult if your finance function isn’t operating effectively. You could miss filing a sales tax return or neglect to make the proper estimated tax payments. Whatever the case, an outsourced controller helps you stay on track and in compliance with all regulatory agencies.

Your Financials Aren’t Growing

An expanding customer base and improving sales metrics can be great, but only if all aspects of your finances are growing. Too often, business owners find themselves with a growing business, but a diminishing bottom line. An outsourced controller can pinpoint areas of inefficiencies, allowing all components of your financials to improve.

Outsourced Controller Accounting Services

One of the benefits of partnering with an outsourced controller is their wide range of experience in all things accounting and finance. Need help processing payroll last minute? No problem. How about making financial statement adjustments for shareholders? Simple.

When you bring on a vetted outsourced controller, the possibilities are endless.
Here are some of the accounting services an outsourced controller can tackle:

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Month-end Closing & Reporting

Assistance with transaction cut-off, bank reconciliations, financial statement preparation, accounts payable management, and accounts receivable management.
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Policy & Procedure Guidance and Adherence

Oversight of employees according to your employee handbook and best practices.
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Accounting Processes Improvement

Pinpointing areas of inefficiency within your operations to reduce bottlenecks, improve profitability, and maximize workflow.
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Transactional Processing Oversight

Monitoring the financial transactions of your business to increase accuracy and minimize the risk of fraud and asset misappropriation.
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Management Reporting

Guidance on preparing accurate internal statements that can help members of management make informed decisions.
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Oversight and Management of Accounting Staff

Financial oversight of the roles and responsibilities of lower-level accounting staff and managers.
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Audit Support

Communication with external auditors on questions and information requests.
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Compliance Management

Assistance meeting the requirements set by regulatory agencies, including sales tax returns, annual business tax returns, estimated payments, and more.

Don’t see a service you need on this list? Reach out to a team member today to customize your outsourced controller accounting services.

A group of outsourced controllers working at a table with paper and pencils

Customized Outsourced Controller Services for the Win!

Discover a new niche in financial management with Interim CFOs, where our focus is on providing you with the most customized outsourced controller solutions. After all, we live in a world where one size doesn’t fit all, where replicating the formula that brought success to one company does not guarantee success for its competitors.

Our outsourced controller services aspire to defy the conventional by offering a bespoke approach that can solely be used as a layout for your financial goals. Your business, despite being boxed into a specific category, is as unique as a fingerprint—your financial solutions should reflect that. This is where our customized outsourced controller solutions enter the equation.

Embrace the prospect of the unknown with never-before-seen controller solutions that combine precision with personalization. Your business deserves a financial partner who doesn’t just manage numbers but understands your financial DNA. Take zero chances by relying on the best financial innovation has to offer with Interim CFO.

What Makes Us Stand Out?

Teaming Up with Finance Experts for Growth

Our outsourced controllers are more than just financial experts. They’re dedicated partners who understand your business’s unique needs and tailor our services accordingly, ensuring your success.

Promoting Transparency Through Effective Communication

We believe in keeping you informed at every step. Our flexible approach allows us to adjust to your changing needs, providing the level of support you require.

Boosting Efficiency with Automated Accounting Solutions

Our team can help implement automated accounting solutions, streamlining your processes while saving time and resources. With real-time data access, we also aim to reduce your current accounting costs significantly.

Finding the Right Outsourced Controller For Your Business

Identifying the right outsourced controller for your business is a critical decision. Key factors to consider include the scope of services provided, industry expertise, qualifications, Leadership and Management Abilities, Analytical and Problem-Solving Skills, Communication and Interpersonal Skills, Attention to Detail and Accuracy, Ethical and Trustworthy.

Why Our Team of Financial Experts is the Right Choice

Our team of financial gurus ticks all these boxes and beyond. We bring extensive experience across diverse industries, ensuring you receive the finest outsourced controller services uniquely tailored to meet your business needs.

Case Study

Leveraging an Outsourced Controller for Audit Preparedness

Explore our featured case study, showcasing how our outsourced controller played an integral role in preparing for an audit. This real-world example demonstrates our dedication to providing top-notch financial leadership and operational support that is tailored to our client’s specific needs.

CASE STUDY #2

Crypto Asset Startup

Outsourced Controller To Prepare For An Audit

The company was due to undergo an audit to raise series A capital in a month’s time. The books were loosely held together by a single part time bookkeeper.

RESULTS

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Successfully underwent audit and raised series A shortly after our work was done

HOW WE HELPED

✔ We reviewed and reconciled every bank, credit card account & crypto exchange or wallets from day one making sure everything was properly and systematically classified.

✔ We automated their systems using auto syncing, QB rules and other apps such as expensify and bill.com.

✔ We reviewed & tested outstanding liabilities as well as equity accounts & corresponding entries.

✔ Completely rearrange the general ledger & regroup them in sync with GAAP rules.

✔Established best practices for revenue recognition.

✔ Setup a system in box for record keeping considering that these documents, receipt, agreements and statements would be requested by the auditors.

✔ Set up with our outsourced team so they could get through the day to day with minimal time from our senior staff.

Case Study

Leveraging an Outsourced Controller for Audit Preparedness

Explore our featured case study, showcasing how our outsourced controller played an integral role in preparing for an audit. This real-world example demonstrates our dedication to providing top-notch financial leadership and operational support that is tailored to our client’s specific needs.

CASE STUDY #1

Crypto asset startup

The company was due to undergo an audit to raise series A capital in a month’s time.

The books were loosely held together by a single part time bookkeeper.

The company was also unprepared to attract banks and equity investors for much-needed growth capital.

Results Achieved:

✔ Successfully underwent audit and raised series A shortly after our work was completed.

How We Helped:

✔ We reviewed and reconciled every bank, credit card account & crypto exchange or wallets from day one making sure everything was properly and systematically classified.

✔ We automated their systems using auto syncing, QB rules and other apps such as expensify and bill.com.

✔ We reviewed & tested outstanding liabilities as well as equity accounts & corresponding entries.

✔ Completely rearrange the general ledger & regroup them in sync with GAAP rules.

✔Established best practices for revenue recognition.

✔ Setup a system in box for record keeping considering that these documents, receipt, agreements and statements would be requested by the auditors.

✔ Set up with our outsourced team so they could get through the day to day with minimal time from our senior staff.

Discover Tailored Solutions for Your Business

At Interim CFOS, we understand that every business is unique. That’s why we offer customized solutions to meet your specific needs. We’re here to help you with surety bonds, owner and key officer disclosures, and other compliance-related tasks. Initiate the process by reaching out to us!

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Request A Quote Or
Book A Call

Get clarity and specificity on your financial needs. We’ll provide a risk-free quote for our services.

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Personalized Solution

We will create a tailored plan to help you reach your objectives in the fastest way possible.

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Meet Your Goals

Our compensation is tied to meeting specific goals for you. We are invested in your success from start to finish.