Benefits of Virtual Part-Time Controller Services

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If you want to stay on top of your finances, but do not want to hire a full  time controller – why not consider a “Virtual Controller”? A virtual controller  performs most, if not all, of their services online. They can provide basic  services to more advanced services. Services are negotiated up front depending  upon the client organizations specific requirements.

A Virtual Controller can provide management valuable financial oversight,  advice and customized financial reports that provide real value to their  businesses decision making. Business owners can focus their attention on growing  their businesses and achieving their operational objectives.

Here are some of the ways that a Virtual Controller can assist your  business:

1. Guide you through the start up process and assist in getting your  accounting system set up correctly.

2. Train your bookkeeper  or other assistant in the proper accounting procedures for your particular  business.

3. Work with your bookkeeper on a monthly basis to ensure that  transactions are recorded correctly and records are kept up to date. (The  virtual controller Is also available to assist the bookkeeper if problems should  arise.)

4. Offer guidance in the budget planning process and provide  guidance on budget-to-actual analysis.

5. Discuss project or department  profitability on a monthly or quarterly basis.

6. Prepare fixed asset  depreciation schedules on all equipment and keep the list current with new  purchases.

7. Teleconferences scheduled monthly or quarterly with management  to discuss results of operation as well as other business decision making issues  as necessary.

8. Provide tax planning strategies to business owners.

9.  Individual & Business Income tax preparation.

10. Documentation of  Policies & Procedures.

11. Assist with the acquisition of a business.  (due diligence)

12. Assist in exit planning or the sale of a business.

The move to virtual services has become more accepted in the business world  over the past few years. And for a fraction of the cost of a full time employee,  a small business can have the Controller function filled by an experienced  professional.

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Thank you,

Peter DeSmidt, BA, MBA, PA