Everything You Need To Know About Controllership Services

Controllership is one of the most valuable services that we offer. We tell everyone about it and are often surprised to hear when people aren’t familiar with the concept. The name controllership is not that commonly used outside of the corporate world. You may be more familiar with the term CFO or Chief Financial Officer. In big companies, controllers are the people who are responsible for all of the company’s finances, including bookkeeping, accounting, accounts receivable, and more. The primary difference between the controller and the CFO is that the controller manages the financial details, and the CFO manages the global financial picture for the organization.

You may be wondering what that has to do with you. You’re not a fortune 500 company, and you can’t afford a CFO, and you don’t have a controller. That’s where we come in. At Fix-It Accounting, we offer high-end Controllership Services to our business customers. This service is like none other and perfect for small and medium-sized businesses. 

Many growing companies encounter the issue that they need to grow, but they’re not ready to spend the money on staffing an entire accounting department. Salaries and benefits for a handful of full-time employees are expensive and a significant limitation for some companies. So instead, business owners end up farming out these essential tasks to inexperienced team members, family members, and strangers. Controllership services take these critical tasks out of the hands of your colleagues and into the hands of my highly skilled team. You benefit from ongoing bookkeeping and accounting services for a monthly fee rather than the cost of hiring a whole team. Plus, since you’re not dishing out these critical tasks to multiple people, all of your business’ financials are held in our office.

Many small businesses don’t need controllership services. If you’re a sole proprietor, you have few business transactions, or you’re happy with the size of your business, you’re probably doing just fine with a bookkeeper and an accountant. However, if you’re a medium-sized business, you have a lot of transactions, or you’re planning to grow, this is an ideal service for you. Lighten the load for your team by outsourcing some of the financial work to a group of experts. For more information about these services, contact us today.