— Comments Off on Pros and Cons of Outsourcing your Business’s Controller Services

Pros and Cons of Outsourcing your Business’s Controller Services

A controller is a vital part of the accounting department for every business. They head up the accounting department and are responsible for supervising bookkeepers and accountants, producing month-end close reports and helping guide CEOs to make critical business decisions.

 

While some companies see drawbacks to using an outsourced controller, there are also benefits that a company can only get when using an outsourced service. Outsourcing the controller function has become a new way CEOs can benefit by cutting costs, gaining expertise and making confident business decisions.

 

To help your company make the best decision possible, we decided to explore the pros and cons of outsourcing your business’s controller services.

 

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Accounting nonprofits
— Comments Off on 5 Financial Numbers Every Small Business Should Be Tracking From Day 1 and Why

5 Financial Numbers Every Small Business Should Be Tracking From Day 1 and Why

By: Rich McIver

If you’re launching a small business, you’ve probably got some basic financials in mind; how much to charge, how much you want to take home each year, etc. But you probably haven’t set up any financial modeling or reporting.

Unfortunately, the first few months and years are actually the time you need to be tracking this information most of all. It’s the period in your businesses life where most decisions which shape the business for years to come are made, and without good financial data inputs those decisions are often left made on the basis of anecdotal evidence, or worse, gut instinct.

 

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Accounting nonprofits