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.

Many CEOs and owners rely on in-house bookkeeping and accounting to receive their financial statements each month because it’s what they’re used to. However, with technology advancements in recent years, traditional is not always best when it comes to managing your company’s financial standing.

In-house and outsourced services offer different workflows when managing the bookkeeping and accounting for your company. While we understand that outsourced bookkeeping and accounting is not right for every business, if it does fit your business’s needs, it can often cost less and provide more expertise than a traditional in-house accounting department. Below we outline a few differences between what in-house and outsourced bookkeeping and accounting services can offer your business.