Master Accounting and Tax Service
Your Professional | Controller/CFO Services
What is a Controller? A controller is the one who is responsible for all of a business’s accounting-related activities. They are in charge of managing financial and accounting operations and reporting, for the purpose of greater financial visibility for the company. Financial visibility means information is relevant, insightful, timely, and accurate. They oversee accounting supervisors and staff accountants to ensure accuracy and timeliness of processing.
Regardless of the size or state of your business, managing the accuracy and timeliness of your company’s financial performance is essential. Our Controller service provides you with accurate reporting and the complete analyses required to provide you with the ability to make strategic financial decisions in a timely manner.
Key duties of the controller are:
- Prepare financial statements
- Oversee accounting staff/department
- Set up internal controls
- Reconcile accounts
- Cash flow and treasury management
- Review trending and analyze accounts
- Ad hoc Reporting
- Audit preparation
- Debt covenant reporting
- Customize financial reporting
- Create budgeting and oversight
- Find areas for cost saving
- Inventory management
- Cost accounting
- Vendor and customer management
- Administer sales, commissions, and compensation plans
- Oversee payroll
- Project management
A CFO, on the other hand, focuses on the forward-looking strategy of a business. The CFO provides executive financial insight and expertise to ensure the organization’s ability to reach its goals and long-term financial success.
By utilizing Master Accounting and Tax Services’ Controller /CFO option, you can outsource a part-time solution with the same high qualifications for a fraction of the cost of a full-time employee. You only need a portion of our controller’s time, but you get all of their experience and knowledge.
All businesses, from start-up operations to international companies, face similar financial challenges. A CFO or controller from Master Accounting and Tax Service can offer sound financial advice and help your organization to improve, analyze, and interpret accounting data. An outsourced CFO or Controller from Master Accounting and Tax Service will provide you with:
- Intuitive insight with questions to help you think about your business in a new way.
- Broad experience with the financial challenges from a multitude of different companies.
- Financial expertise at a lower cost than if you hired a full-time, permanent financial employee.
WE OFFER WORLD-CLASS CONTROLLER/CFO SERVICES
SIGNIFICANTLY REDUCE COSTS BY USING OUR CONTROLLER/CFO SERVICE
The average salary of a company controller ranges from $110,000 to $180,000 per year. In 2020, according to the Robert Half Salary Guide for Accounting and Finance Professionals, the midpoint salary for a corporate controller is $177,750. However, in California, according to salary.com, the average salary for a controller begins at $175,176 with the midpoint salary coming in at $249,699. The starting average salary for a CFO is $230,735 with the midpoint salary coming in at $424,319.
What small to mid-size business can afford to pay these kind of salaries? Especially when it is unnecessary. At Master Accounting and Tax Service, we can assume your company controller/CFO tasks at a fraction of the cost of a full-time or even a part-time employee. You will never pay us for any of the following;
- High Salaries
- Down Time
- Sick Leave
- Fringe Benefits
- Payroll Employer Tax Match
- Unemployment Tax
- Workman’s Compensation
With our Controller/CFO service at Master Accounting and Tax Service, you only pay a reasonable, competitive monthly service fee. Our monthly service fee will include all of our accounting services that you need.
- Income Tax Reporting
You receive all the services a business accounting office would need for a fraction of the cost. This will significantly decrease your overhead costs and increase your bottom line. If you need more time to focus on business growth, need a better understanding of business finances or more control of funds and fewer financial surprises, you should consider our outsourced CFO or controller service. We will help you improve business decision-making capabilities, enhance financial controls to increase profit, and improve quality and timeliness of financial information. Call us today for a free , no obligation consultation/estimate.