So what is an Outsourced Controller exactly? If you're looking to outsource your accounting instead of making an internal hire, you've probably only heard of either a Bookkeeper or a Fractional CFO. The Outsourced Controller "fills the gap" in between the Bookkeeper and the Fractional CFO.
I have found that most companies I work with actually need a Controller. They have outgrown basic bookkeeping just to file a tax return but aren't ready yet to pay a $100,000+ salary to an internal hire to oversee their business' accounting function. This is where someone like myself comes in to provide the same level of oversight as an internal Controller, but at a fraction of the price.
Signs That You May Need an Outsourced Controller
You aren't receiving the core 3 financial statements each month
Your financials aren't being explained to you
You have a lot of manual processes so your accounting is inefficient and clunky
You are unsure how long the cash in the bank will last you
Accounts Receivable (AR) and Accounts Payable (AP) don't have any formal processes
You've outgrown basic, cash basis bookkeeping
You're looking to exit the business in the next 3-5 years
I offer a complimentary 30 minute consultation to get to know you, your business and your goals better and to see if we might be a good fit for each other. Visit my Contact Me page to reach out and schedule your consultation.