Controllership Services

A controller has significant knowledge and insight concerning the operations, performance, direction, and strategic direction of a business. Their reach extends into nearly every facet of a business with eyes on the future, not just the past and present.

In a large corporation, you have various financial and accounting roles, including the very well known CFO title. What is not as commonly known is that within these same corporations, and in many small businesses, a controller exists. Simply put, the controller is the top-dog accountant, responsible for managing and overseeing everything associated with accounting matters. Accordingly, the reach of a controller can be extensive, which is why they are well suited to help steer your company forward and upward–toward financial success and away from risk.

In small businesses that have controllers, it is not uncommon for the controllers to assume the very same functions that are served by CFOs in larger organizations. This includes working heavily with the CEO/owner, integrating with every department, devising and implementing company strategies, managing cash flows and leveraging debt as necessary, budgets and pro-formas, information systems and new technology, internal controls, back-office structure, human resources matters, and so on. As you can likely now imagine, a controller plays a very significant and vital role in any company. But you are also probably thinking such an individual is well beyond the financial reach of your business.

No doubt, a good, full-time controller will cost a chunk of change. In fact, according to salary.com, the median controller base salary is $257,124 (as of July 29, 2024). This is beyond the financial means of many small businesses, but it does not mean you cannot still benefit from what a controller brings to the table.

Cornerstone CPA Solutions, your CPA Firm of Choice, leads in providing external and virtual controllership services. Since it is not a full-time function, the cost is a fraction of the cost of hiring an employee to serve in this role since the services are tailored to your specific business and time needs. You gain the advantage of having a controller involved in your business, serving as an integral professional advisor, such as:

• Design structures, controls and processes, and implement accounting systems and related software
• Operational oversight and planning
• Budgeting
• Financial statements and analysis
• Asset acquisition planning and management
• Forecasts and projections
• Staff oversight
• Tax planning and compliance
• Collaborating with your other professional service providers, including lawyers and financial planners
• Receivables and payables management

Please submit an inquiry so we can discuss how we may forge a mutually beneficial relationship.